Minneapolis, MN, July 2014 – Spell Capital announces that PSA (Production Services Associates) has been acquired by American Card Services, a portfolio company of Spell Capital. This is the second acquisition this year for the portfolio company, the other being Vesta Card in Scottsdale, AZ.
PSA is a premier large run card manufacturer and production management company which offers turnkey solutions for the gift, loyalty and membership markets. “We are excited to leverage the best in class capabilities from both the short-run and long-run operations to improve the overall performance of each of the individual organizations”, stated James Cyze, President & CEO of the combined entities.
“Additionally, we are very excited to partner with Spell Capital and the teams in St Louis & Arizona to bring together a comprehensive solution offering for the gift, loyalty and membership marketplace.”
About Spell Capital Private Equity
Spell Capital Private Equity is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses. We use our deep expertise in acquisitions and financing to collaborate with management and gorw the businesses in which we invest – both internally and through add-on acquisitions.
About Spell Capital Mezzanine
Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. We finance leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations and growth initiatives.