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Spell Capital – Top 50 Leader in Middle Market

Minneapolis, Minnesota, June 2018 – Spell Capital Partners was recognized as one of the top 50 PE firms in the middle market. They received the award for solid performance, innovation, successful track record, leadership and results. This is the second year running that Spell has received this honor.

Bill Spell, president and founder of Spell Capital, was also featured in an interview regarding the state of the private equity market

Spell Capital Partners is an established manager of private equity and mezzanine capital based in Minneapolis, Minnesota. Founded in 1988, Spell Capital has over 30 years of successful industry experience. Currently, Spell is investing in their fifth private equity buyout fund, Spell Capital Partners Fund V. Additionally, Spell is investing their second mezzanine fund, Spell Capital Mezzanine Partners SBIC II.

 

Spell Capital Partners, LLC Announces Its Investment in 3P Processing

Minneapolis, MN, March 2018 – Spell Capital Partners, LLC is pleased to announce its 7th platform investment in Fund V with the acquisition of 3P Processing. Headquartered in Wichita, KS, 3P is a full-service provider of metal finishing, testing and inspection process services to the Aerospace & Defense sector, specializing in complex geometric and high-precision parts.

Paul Meyering, Senior Managing Director, commented, “we are very excited to partner with a solid management team that prides itself on delivering quality metal finishing services in a growing industry.”

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 Paul Meyering, Senior Managing Director, at paul@spellcapital.com.

Viking Plastics Seeking Add-on Acquisition

Spell Capital Partners Fund V portfolio company, Viking Plastics, is a leading manufacturer of custom injection molded products and assemblies for the automotive, HVAC and industrial markets. In November 2016, Spell Capital Partners Fund V, acquired a controlling interest in Viking Plastics and in April 2017 Viking Plastics closed it first add-on acquisition, Kentucky Molding & Technology.

Viking Plastics is looking to continue to expand through the acquisition of additional injection molding businesses. The acquisition target should have revenues of at least $2 million.

A successful deal close could earn a finders fee. Referrals should be directed to Jim Rikkers, Spell Capital Partners, at jim@spellcapital.com or 612-371-9650.

Year in Review – 2017

Year in Review – 2017

Spell Capital Equity Partners made three new platform investments and one add-on acquisition.

Spell Capital Mezzanine Partners invested in five platform companies, two follow-on investments and had two successful realizations.

Spell Capital Mezzanine Partners SBIC II, LP

The Mezzanine team had a successful fundraising during the year, closing on our second mezzanine partnership.

Spell Capital Partners, LLC Announces Its Investment in Palletec, LLC

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.

Spell Capital Mezzanine Announces an Investment in Concrete Polishing & Restoration 

Minneapolis, MN, July 2017 – Spell Capital Mezzanine is pleased to announce a subordinated debt investment in Concrete Polishing & restoration (“CP+R”) to support the buyout of the Company by Servants’ Heart, LLC. Headquartered in Caryville, Tennessee, CP+R is a national provider of concrete polishing, restoration and other commercial flooring services. Servants’ Heart is a Sterling, Virginia based investment group led by experienced operating executive, Jeff Yoh. Many of the equity investors in CP+R are also equity investors in Jenkins Restorations, LLC, a 2008 acquisition, also led by Jeff Yoh, that has experienced significant growth through geographic expansion. Similar geographic expansion is also planned for CP+R.

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, an SBA licensed SBIC, 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 Stacy Harmsen, Managing Director, at stacy@spellcapital.com.

Spell Capital Partners, LLC Announces Its Investment in Jet Edge

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.

Spell Capital Partners, LLC Announces Its Investment in St. Worth Container

Minneapolis, MN, May 2017 – Spell Capital Partners, LLC is pleased to announce the successful recapitalization of St. Worth Container. Headquartered in Ontario, California, St. Worth manufactures corrugated packaging for customers in the Greater Los Angeles area, specializing in small orders and timely delivery. With a reputation for providing quality products and excellent customer service, the company has a high rate of repeat business.  

Spell Capital Mezzanine Announces an Investment in Bernard

Minneapolis, MN, May 2017 – Spell Capital Mezzanine is pleased to announce a subordinated debt and senior preferred equity investment in Bernard to support a recapitalization of the Company. Headquartered in Hialeah, FL, Bernard is a manufacturer of military dress uniform headwear.   

Spell Capital Mezzanine Announces an Investment in AmeriBest

Minneapolis, MN, March 2017 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment  in AmeriBest to support the acquisition of the Company by Boyne Capital. Headquartered in Philadelphia, PA, AmeriBest provides home health and personal care services including light household duties, meal preparation, hygiene, exercise, cleaning, and errands.