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®...Read More
Minneapolis, MN, April 2014 – Spell Capital announces the sale of the Arrow Manufacturing Division of its portfolio company, Premier Precision Group, to Chandler Industries, Inc., a portfolio company of Arch Equity Partners.The Arrow Manufacturing Division, located in Littleton, Colorado provides high precision machined components principally to the aerospace and medical industries. The Arrow Division occupies 96,000 square...Read More
Minneapolis, MN, February 2014 – Spell Capital announces the sale of Breen Color Concentrates, to Capital Partners® of Greenwich CT.Breen Color Concentrates, headquartered in Lambertville N.J., is a leading supplier of color and additive concentrates to the blow molding, wire and cable, extrusion/injection molding, compounding and roto-molding markets. Spell Capital, in partnership with Breen management, acquired Breen...Read More
Minneapolis, MN, November 2013 – Spell Capital announced the sale of the Minnesota-based operations of Spectrum Plastics Group to Pexco, an affiliate of Odyssey Investment Partners, LLC.The Minnesota-based operations provide precision injected molding services to customers principally in the medical and surgical, defense and aerospace markets. The Minnesota operation employs approximately 160 people within a...Read More
Minneapolis, MN, November 2013 – Spell Capital announces the sale of Kason Corporation, a division of its Fund III portfolio company,Capital Equipment Group, to Baird Capital.Kason Corporation, based in Millburn, N.J., manufactures circulatory vibratory screeners and centrifugal screeners designed to separatebulk solid materials from solids and slurries, and a line of fluid-bed processors for drying,...Read More
Minneapolis, MN, July 2013 – Spell Capital announces the sale of the Protogenic division of its portfolio company, Spectrum Plastics Group to Tenere, Inc., an affiliate of Watermill Group.Protogenic, located in Westminster, Colorado, provides high quality rapid prototyping and production-level urethane casting services to over 800 customers annually in the medical, aerospace/defense, electronics/technology, engineering & design and...Read More
Minneapolis, MN, June 2013 – Spell Capital announces the sale of Pacific Press Technologies, a division of its Fund III portfolio company, Capital Equipment Group, to Quality Products, Inc., a manufacturer of hydraulic press tools (“Mulitpress”). After the sale of Pacific Press Technologies, Capital Equipment Group operates two remaining businesses, Kason Corporation and Brown Machine.Pacific Press Technologies...Read More
Minneapolis, MN – April 2012. Spell Capital has announced that it has sold its portfolio company, Arctic Fox, in a transaction that returned over 4.5 times its investment. Spell acquired Arctic Fox on April 2007 and during the five years of Spell’s ownership, the company grew from $13.7 million in sales with an EBITDA of $2.8 million to...Read More
Minneapolis, MN – March 2012. Spell Capital has announced that it has sold its portfolio company, LAI International, Inc. in a transaction that returned over 7.0 times our investment. Spell acquired LAI in June of 2005 and during the 6½ years of Spell’s ownership, Spell consummated two add on acquisitions and grew the company from $16.0 million in...Read More
LAI InternationalLAI International, Inc. is a leading contract manufacturer of make-complete precision-engineered components and assemblies for aerospace, power generation, defense, medical and other advanced technology industries. The companyʼs technology, engineering and manufacturing solutions are used to build components for airframes,aircraft engines, power generators, defense systems, medical devices and other industrial applications.LAI has developed strategic relationships with...Read More
