Minneapolis, MN, December 2017 – Spell Capital Partners, LLC is pleased to announce its 6th platform investment in Fund V with the acquisition of Palletec, LLC (DBA: Viking Engineering & Development.)
Headquartered in Fridley, MN, Viking specializes in the design and manufacturing of state-of-the-art machinery for automated wood pallet and bedding manufacturing, along with the related fasteners, replacement parts and service. Founded in 1975, Viking sells to and services customers across the United States and internationally. Viking President, Kurt Larsen, commented, “we are excited to partner with Spell Capital and are looking forward to 2018.”
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.