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...Read More
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,...Read More
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...Read More
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...Read More
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...Read More
