The principals of Spell Capital Partners are widely regarded as accomplished, experienced professionals with diverse backgrounds, successful investment track records and solid business networks. Spell professionals have extensive contacts and industry relationships

enabling them to identify promising opportunities. They also have the knowledge and skills to analyze performance, assess the strength of management teams, obtain the necessary financing and consummate transactions.

Steven J. Murray
Operating Partner

Steve has been leading manufacturing companies and advising ownership on performance optimization for the majority of his career. Steve’s strength lies in his breadth of experience ranging from international startups, lean manufacturing, sales and marketing leadership, product development and ultimately organizational excellence. Mr. Murray balances his financial education with his knowledge and experience in implementing lean production and advanced business systems to drive shareholder value. Steve is active in the local Manufacturers Alliance, which awarded him Manufacturer of Year recognition for two businesses he led, and also sits on various boards, including those in the Spell Capital portfolio. Steve holds a Bachelor of Arts in Accounting from the University of Minnesota Duluth and his CPA certification.