Minneapolis, MN, June 2017 – Spell Capital Partners, LLC is pleased to announce its 5th platform investment in Fund V with the acquisition of Jet Edge. Spell Capital acquired Jet Edge as a carve-out from a parent corporation and is partnering with the existing management team to continue to provide world-class systems and solutions to its customers.
Headquartered in St. Michael, MN, Jet Edge is a leading manufacturer of ultra-high pressure waterjet systems for precision cutting, surface preparation and coating removal. Jet Edge’s systems are used by a wide range of industries around the world to cut everything from auto parts and titanium joint implants to food products.
About Spell Capital Partners
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 business in which we invest.
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 Jim Rikkers, Senior Managing Director, at jim@spellcapital.com.