News

The Latest on Spell Capital’s Private Equity Investments
Minneapolis, MN, July 2021 – Spell Capital Partners is pleased to announce the acquisition of Duromer Products Pty and DuroColour Vietnam Ltd. The companies were purchased in tandem as Spell continues to grow their footprint in compounding and masterbatch facilities worldwide. In addition, this is the second portfolio platform that Spell owns in Australia, as they continue to invest in Oceania / Asia. Duromer Products, headquartered in Sydney, Australia, is...
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Minneapolis, MN – Spell Capital Partners announces the sale of Falls Fabricating, a contract manufacturer of metal fabrications and CNC machining services. Falls Fabricating is headquartered in Little Falls, MN. “We are pleased to announce the divestiture of Falls Fabricating. The company was founded over 45 years ago and Spell Capital purchased the business in 2007. We appreciate the opportunity we’ve had to work with the Falls employees and...
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Minneapolis, MN – Spell Capital Partners announced the sale of Jet Edge Water Systems, a Spell Capital Partners Fund V portfolio company. Jet Edge, headquartered in St. Michael, MN, manufactures ultra-high pressure waterjet cutting systems, related pumps, and spare parts for precision cutting, surface preparation, and coating removal. Spell Capital acquired the business in June of 2017.“Spell Fund V purchased the Jet Edge business from the family...
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Minneapolis, MN – Spell Capital Partners announced the sale of Vestal Manufacturing, a portfolio company of the Spell Family Office. Vestal is a leader in the manufacturing and distribution of foundry cast iron and steel fabricated components to municipalities, original equipment manufacturers and the home building and hearth industries. The Spell Family Office acquired Vestal as a new platform in 2015. During Spell’s ownership, Vestal has grown sales revenue,...
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Minneapolis, MN, September, 2020 –Spell Capital Mezzanine has been named the 2020 “Small Business Investment Company (SBIC) of the Year” by the U.S. Small Business Administration (SBA), chosen from a field of 300 licensed SBIC funds representing nearly $30 billion of capital under management. The SBA’s announcement of the award highlights Spell Capital Mezzanine’s longevity in the SBIC program, successful investment track record, clean records with the SBA...
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