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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 partnered with the Founder and President of St. Worth, Rick Worth, who will continue to lead the business post-transaction. Rick commented, “I am excited to partner with Spell Capital and to work together to achieve the next level of growth for the business. I believe that St. Worth can leverage Spell’s transactional and operational expertise to achieve both organic and acquisitive growth.” 

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.

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.

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 Mark McDonald, Senior Managing Director, at mark@spellcapital.com.

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.  

Spell Capital Mezzanine Announces an Investment in BHSB Holdings

Minneapolis, MN, March 2017 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment to support the acquisition of BHSB Holdings. Headquartered in Florida, the Company is a provider of accredited and licensed residential and community-based behavioral health services to youth.   

Spell Capital Closes Equity Fund V and Completes 17 Transactions During 2016

Spell Capital Private Equity acquired three new platform businesses, divested three portfolio companies and closed Equity Fund V.

Spell Capital Mezzanine Partners completed seven new loans/investments and had four successful realizations.

 

Spell Capital Mezzanine Announces an Investment in Behrens

Minneapolis, MN, December 2016 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in Behrens to support the acquisition of the company by Mill City Capital. Headquartered in Winona, MN, Behrens is a leading manufacturer of branded steel containers used in a diverse array of consumer and professional applications.  

Falls Fabricating Seeking Regional Add-on Acquisition

Falls Fabricating, LLC,  a Spell Capital Partners portfolio company, offers a full range of metal fabricating, including precision CNC fiber laser cutting, machining, punching, forming, welding, assemblies and powder coat painting; and is one of the largest custom reservoir tank manufacturers in the upper Midwest.

Falls Fabricating is seeking a regional add-on acquisition of a contract manufacturer or metal fabricator of various propriety products.

The acquisition target should have sales revenues between $2.0 to $8.0 million and be located in the eastern Dakotas, western Wisconsin or Minnesota.

A successful deal close will earn a finders fee. Referrals should be directed to Steve Murray, Spell Capital Partners, at steve@spellcapital.com or 612-371-9650.  

Spell Capital Partners Announces an Investment in Deacro Industries LTD.

Minneapolis, MN, November, 2016 – Spell Capital Partners, a leading lower middle market private equity firm, announces its investment in Deacro Industries Ltd. as Spell’s second platform investment in Spell Capital Partners Fund V.

The acquired business manufacturers slitting machines, roll slitters, rewinders and material handling equipment for the converting  industry. As the industry leader in its field, Deacro is a good fit for Spell Capital, which has extensive experience in the capital equipment sector. 

“Deacro has been in business for over 37 years and makes a fantastic machine; there’s tremendous value in that,” Bill Spell said. “Additionally, the converting/flexible packaging industry is growing and Deacro’s machines are critical components to any expansion plans.”

Ed de Boer, CEO of Deacro Industries, agreed that the acquisition is a good match for Deacro, its employees and customers.

“I’m very happy to be part of this transition and the company’s future growth,” Ed de Boer said. “The Spell investment will allow Deacro to take its business to the next level. Very exciting.”

Terms of the deal, which closed October 31, were not disclosed except that Spell will continue to operate Deacro out of its current manufacturing facility in Toronto, Ontario.  

Spell Capital Partners Announces Sale of Production Services Associates

Minneapolis, MN, November, 2016 – Spell Capital Partners, a leading lower middle market private equity firm, announces the sale of its portfolio company, Production Services Associates (PSA), to Plasticard-Locktech International, a hotel keycard, gift and loyalty card manufacturer. PSA is a leading manufacturer of printed gift and loyalty cards for global retailers and merchant payment processors and was the second investment of Spell Capital Partners Fund IV . Spell Capital established the PSA platform in 2012 and partnered with a strong management team to grow revenues organically and through two strategic add-on acquisitions. The transaction closed on November 2, 2016. Financial terms were not disclosed.  

Spell Capital Partners LLC Announces the Closing of Fund V

Spell Capital Equity Partners is pleased to announce the closing of Spell Capital Partners Fund V, LP, a $68.0 million private equity fund focused on the buyout of industrial manufacturing businesses. Fund V has acquired its first three platform investments and is actively seeking additional investment opportunities.

Bill Spell, President and Founder, stated, “It’s an exciting time for Spell Capital; Fund V was 35% oversubscribed.”

Spell Capital is celebrating our 29th anniversary as a firm, and our current equity buyout Fund V will allow us, and our partners, to capitalize on our niche in the lower middle market which continues to bring us unique investment opportunities. In addition, our first mezzanine vehicle, Spell Capital Mezzanine Partners SBIC LP, closed on its 25th investment during 2016. 

Please contact Andrea Nelson, Chief Operating Officer, or Jim Rikkers, Senior Managing Director, with any questions or comments at andrea@spellcapital.com or jim@spellcapital.com.