Minneapolis, MN, April 2014 –Spell Capital announced that Kip Colwell has joined the firm as Operating Partner. Mr. Colwell brings over 30 years of experience in senior executive positions in both public and private companies. Kip will join the private equity team and will work with the portfolio companies in strategy and operational improvements.Prior to joining Spell Capital, Mr. Colwell was CEO of Advanced Web; a label...Read More
Minneapolis, MN, April 2014 – Spell Capital announces an investment in Valley Vessel Fabricators, LLC (“VVF”). The VVF transaction represents the fourth investment in Spell’s Fund IV.Founded in 2008, Valley Vessel Fabricators is a recognized industry leader for high-quality engineering and production equipment of custom ASME (American Society of Mechanical Engineers) fabricated pressure vessels and oilfield equipment. Located in Mission, Texas, VVF is the preferred source of...Read More
Minneapolis, MN, March 2014– Spell Capital announces an investment in GAF Manufacturing, LLC (“GAF”) dba Midwest Plastic Products. The GAF transaction represents the third portfolio company investment in Spell’s Fund IV.GAF, with facilities in Wisconsin and Iowa, primarily manufactures and markets plastic drain tile, fittings and pipe accessories. The majority of GAF’s products are sold to farmers and contractors serving the agricultural drainage and commercial tubingmarkets. GAF has...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 in December 2006 and through a combination of organic growth...Read More
Minneapolis, MN, December 2013– Spell Capital announces Vesta Card Manufacturing has been acquired by American Card Services, which is a portfolio company of Spell Capital Partners.American Card Services acquired the assets of Vesta Card Manufacturing located in Scottsdale, AZ. Vesta has specialized in the design, printing, personalization, mailing, and distribution of plastic cards for the loyalty, gift, and insurance markets. “Vesta Card brings to us strong...Read More
