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Spell Capital Mezzanine Announces an Investment in WM Coffman

Minneapolis, MN, May 2016 – Spell Capital Mezzanine (“Spell”) is pleased to announce a subordinated debt investment in WM Coffman (“WMC”), to support the acquisition of StairCrafters by WMC, a portfolio company of Prophet Equity.

Headquartered in Plano, Texas, WM Coffman is a leading designer, marketer and distributor of interior stair building materials for residential new construction and remodeling.

Senior debt was provided by MB Business Capital.

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 about this transaction, please contact Mark McDonald, Senior Managing Director, at mark@spellcapital.com

Spell Capital Mezzanine Successfully Exits Three Investments

Minneapolis, MN, June 2016 – Spell Capital Mezzanine is pleased to announce the successful realization of three investments.  

Spell Capital Mezzanine Has Expanded Its Team with the Addition of Darren Brathol and Stephen Hann

 

Spell Capital Partners Announces an Investment in Atlas Wire, LLC

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.”  

Spell Capital Partners Announces Sale of NPI Medical

Minneapolis, MN, November, 2015 – Spell Capital Partners, a leading lower middle market private equity firm, announces the sale of its portfolio company, Ansonia Plastics, LLC (d/b/a NPI Medical).  NPI Medical was the third investment in Spell Capital Partners Fund III and is a new product introduction company which provides a full range of product development and manufacturing services including prototyping, tooling, production molding, assembly and other value-added services for the MedTech, consumer and electronics markets.  Spell Capital Fund III invested in NPI Medical in 2007 and worked with the management team to grow revenue, increase profitability and expand the company’s product offerings.  The transaction closed on June 28, 2015. Financial terms were not disclosed.

Spell Capital Mezzanine Announces an Investment in Pinnacle Products International, Inc.

Minneapolis, MN, October 2015 – Spell Capital Mezzanine (“Spell”) is pleased to announce a mezzanine debt and minority equity investment  in Pinnacle Products International, Inc. (“Pinnacle” or the “Company”), a portfolio company of Taglich Private Equity LLC, to finance the acquisition of Schaefer Ventilation Equipment (“Schaefer”). Medallion Capital, Inc. invested alongside Spell in the transaction.

Pinnacle is a leading manufacturer of portable heating products serving the construction and industrial markets, while Schaefer is a leading manufacturer of ventilation products serving the agricultural and industrial markets.  The combination of the two companies creates a global leader of diversified engineered air movement products that will be headquartered in Sauk Rapids, MN.   

Spell Capital Partners Announces Sale of Engineered Products Company

Minneapolis, MN, September, 2015 – Spell Capital Partners, a leading lower middle market private equity firm, announces the sale of its portfolio company, Engineered Products Co., to Donaldson Company, Inc. (NYSE: DCI), a global leader in engine filtration.  Engineered Products Co. was the first investment in Spell Capital Partners Fund and through its widely recognized Filter Minder® brand is a leading designer and manufacturer of indicators, gauges, switches and sensors for engine air filtration and liquid filtration systems.  Spell Capital invested in Engineered Products Co. in 2012 and worked with the management team to grow revenue, increase profitability and expand the company’s product offerings.  The transaction closed on August 31, 2015. Financial terms were not disclosed.

Spell Capital Mezzanine Announces an Investment in American Surgical Professionals

Minneapolis, MN, July 2015 – Spell Capital Mezzanine (“Spell”) is pleased to announce an $8.5 million subordinated debt investment in American Surgical Professionals (“ASP”) to support a recapitalization. ASP is a portfolio company of Great Point Partners based in Greenwich, CT.   

Spell Capital Mezzanine Announces an Investment in Stauer

Minneapolis, MN, June 2015 – Spell Capital Mezzanine (“Spell”) is pleased to announce a $7.5 million subordinated debt and $1.0 million equity co-investment in Stauer to support the acquisition of Stauer by Stanfield Capital, Ocean Avenue Capital Partners and its CEO.

Stauer, with operations in Burnsville, MN and Richmond, VA, is a direct marketer of various consumer products through catalogs, magazine ads, e-mail, direct mail and phone.

“We are excited to partner with Stanfield, Ocean Avenue and management,” said Mark McDonald, Managing Director at Spell.  “Stauer is a very attractive analytics-driven direct marketer of specific value-oriented consumer products.”

Spell Capital Announces Its Investment in Northwood Foods

Minneapolis, MN, May 2015 – Spell Capital Partners is pleased to announce its investment, alongside senior management, in Northwood Foods, Inc.

Northwood Foods, a fresh pork processing company, established in 1998 in Northwood, Iowa as a custom boning and fabrication business. Today, the company serves customers around the world as one of the nation’s largest independent pork boning operations.

Paul Meyering, a Managing Director at Spell Capital, commented, “Spell Capital is excited to be working with the leadership team and the employees at Northwood Foods. They have done an incredible job building a business and providing their customers with the highest quality cuts and customer service. We look forward to working with the Northwood Foods management team, its employees and expanding upon their success.”