Minneapolis, MN, January 2015– Spell Capital Partners is pleased to announce its investment in Tech Cast Holdings, LLC. Tech Cast is a leading provider of near-net shape investment castings for the commercial, mining, medical, agricultural, oil field and military industries. Tech Cast is industry leading in the size of its product offerings, with the capability to manufacture highly engineered investment castings weighing from a few ounces up to 500 pounds.
William Spell, President at Spell Capital, commented, “We specialize in acquiring industrial manufacturing businesses and Tech Cast fits our investment criteria perfectly. We are excited about growing the business in the future and creating value for the community, the employees, and our investors.”
Tech Cast, LLC is located in Myerstown, Pennsylvania and is owned by Spell Capital Partners Fund IV, L.P., Minneapolis, MN.
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 grow 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.
For more information regarding this transaction, please contact Paul Meyering, Managing Director, at [email protected].