Minneapolis, MN, July 2014 – Spell Capital announces that Lyle Industries has been acquired by Thermoforming Technology Group (TTG), a portfolio company of Spell Capital. Founded in 1965, Lyle Industries is a leading producer of high-performance thermoforming equipment, trim presses and bottle trimmers. The company serves customers around the world with new equipment, parts, service and technology for a wide range of industries, including food packaging, horticulture,...Read More
Minneapolis, MN, July 2014 – Spell Capital announces that PSA (Production Services Associates) has been acquired by American Card Services, a portfolio company of Spell Capital. This is the second acquisition this year for the portfolio company, the other being Vesta Card in Scottsdale, AZ. PSA is a premier large run card manufacturer and production management company which offers turnkey solutions for the gift, loyalty and membership...Read More
Minneapolis, MN, April 2014 – Spell Capital announces the sale of the Arrow Manufacturing Division of its portfolio company, Premier Precision Group, to Chandler Industries, Inc., a portfolio company of Arch Equity Partners. The Arrow Manufacturing Division, located in Littleton, Colorado provides high precision machined components principally to the aerospace and medical industries. The Arrow Division occupies 96,000 square feet of production space and employs approximately 80 people. The...Read More
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;...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...Read More
