News

The Latest on Spell Capital’s Private Equity Investments
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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Minneapolis, MN – Spell Capital Partners announced the sale of Polar Plastics. Polar Plastics, a Spell Capital Partners Fund V portfolio company and headquartered in St. Paul, Minnesota, manufactures plastic film and low density polyethylene packaging products used to make plastic films and bags for packaging, logistics, home improvement, retail and other applications.  Spell Capital acquired the business in 2018. “We appreciate the opportunity we’ve had to work...
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Minneapolis, MN – Spell Capital Partners announced the sale of its portfolio company Animal Adventure. Animal Adventure is a leading manufacturer of unique and high quality plush toys and accessories for retailers throughout the world. Spell Capital acquired Animal Adventure as a new platform in 2014. Since then, Spell and management have grown sales revenue, increased profitability and expanded the company’s product offering. The transaction...
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Minneapolis, MN – Spell Capital Partners, in conjunction with senior management, is pleased to announce the acquisition of Grigg Box, a producer of industrial custom wood packaging products. Headquartered in Detroit, Michigan, Grigg Box provides government, commercial and military packaging services for both domestic and export shipments. “Grigg Box has a strong leadership team and employees, and they’ve done an incredible job building a business and providing...
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