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 and...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 with...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
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 their...Read More
Minneapolis, MN – Spell Capital Partners, in conjunction with senior management, is pleased to announce its investment in Precision Production. Headquartered in Strongsville, Ohio, Precision Production is a niche manufacturer of Swiss screw machined products. The company specializes in high pressure fittings for fluid and motion control applications, sold into a wide variety of industries.Darren Brathol, Managing Director at Spell Capital, commented, “Spell Capital is excited to...Read More
