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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.)  

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.  

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.  

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.  

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.