Minneapolis, MN, February 2016 – Spell Capital Partners is pleased to announce its first investment in Spell Capital Partners, Fund V, alongside senior management, in Atlas Wire, LLC and its affiliates. Atlas Wire is a leading manufacturer of PVC, nylon, and cross-linked polyethylene (XLPE) insulated wire used in a variety of industries and applications.
Bill Spell, President and founder of Spell Capital, commented, “Spell Capital is excited to be partnering with Bruce Leska, CEO of Atlas Wire, and the outstanding employees of Atlas Wire. Atlas is a niche manufacturer with an excellent reputation, outstanding customer service and top quality products. We look forward to working with the Atlas management team, its employees and helping to expand upon their success.”
“We are thrilled to partner with Spell Capital and to combine our mutual expertise to deliver the highest quality products to our customers. Spell’s experienced and knowledgeable team will act as an important complement to our existing management team and will help position us to execute on our growth plan,” said Bruce Leska, CEO of Atlas Wire.
Atlas Wire, LLC was founded in 1950 in Schiller Park, Illinois. Currently Atlas operates out of two facilities, its headquarters and primary operating facility located in Schiller Park, Illinois and a second manufacturing facility located in Tucson, Arizona.