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 is a worldwide leader in hydraulic press and metal...Read More
Data Manufacturing, St. Louis, Missouri, (dba: American Card Services) is a leading manufacturer of printed gift and loyalty cards for global retail merchant payment processors. American Card Services has developed a niche expertise in manufacturing and fulfilling short run gift card orders for retailers around the United States. The company’s proprietary order entry software interface enables unparalleled quality and turn-around time in the industry. In 1997,...Read More
Engineered Products Co., Waterloo, Iowa, (dba: Filter Minder) is the leading brand for transportation filter monitoring products. The Company’s products include a full line of air and fuel filter monitors, sensors, gauges and switches. Formed over 30 years ago, the Filter Minder line of filter monitoring devices can be found on a wide variety of applications throughout the world, serving end markets such as light, medium and...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 $29.7 million in sales with an EBITDA of $8.1 million....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 sales to $44.0 million in sales. LAI was the last...Read More
