Spell Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Spell Capital Partners has acquired 3 companies. It has also invested in 4 others.

Spell Capital Partners’ most common sectors for investment aremanufacturing (17%) and plastics (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (46%) and growth capital (31%). In total, Spell Capital Partners has invested in 22 US states and 2 different countries.

In the last 3 years, Spell Capital Partners has exited 5 companies. The Firm’s most common exit type is trade sale (52%). Spell Capital Partners’ largest (disclosed) exit occurred in 2007 when it sold Copperfield for $213M.

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M&A Summary

  • M&A Total Activity82
    • M&A Buy Activity55
    • M&A Sell Activity27
  • Total Sectors Invested 26
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 38
  • M&A Advisors 4

Spell Capital Partners LLC

222 South Ninth Street, Suite 2880,
Minneapolis, Minnesota 55402
United States
(612) 371-9650
www.spellcapital.com
bill@spellcapital.com

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Chemicals, Consumer Products, Distribution, Education, Electrical Equipment, Energy Services and Equipment, Environmental, Food, Internet Software and Services, Machinery, Manufacturing, Media, Metals/Mining, Plastics, Safety/Security, Staffing

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 5 -
Target EBITDA 1 -
Investment Size 2 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.8/yr) # 46 2 2 4 - 1 55
Sell (1.6/yr) # 19 3 1 3 1 - 27
vol $213M $213M
  82

Most Recent M&A

Company Date Value Type
Custom Computer Specialists, Inc. 2022-02-10 - Growth Capital
Hauppauge, New York · www.customonline.com
Falls Fabricating, Inc. 2021-01-15 - Sold to Management
Little Falls, Minnesota · www.fallsfab.com
Polar Plastics LLC 2020-10-23 - Add-on Acquisition
Oakdale, Minnesota · www.polar-plastics.com
Arandell Corp. 2020-08-13 - Bankruptcy
Menomonee Falls, Wisconsin · www.arandell.com
All About Learning Press, Inc. 2020-08-03 - Growth Capital
Eagle River, Wisconsin · www.allaboutlearningpress.com
Supply Chain Services LLC 2020-05-06 - Buyout (LBO, MBO, MBI)
Oakdale, Minnesota · www.supplychainservices.com
Full Circle Fiber 2020-04-14 - Buyout (LBO, MBO, MBI)
Clearwater, Florida · www.knight-broadband.com
Asian Pacific Colorants Pty Ltd. 2020-04-08 - Growth Capital
Thomastown, Australia · www.apcolorants.com
Animal Adventure, Inc. 2020-02-19 - Add-on Acquisition
Hopkins, Minnesota · www.animaladventure.com
Ameribest Home Care, Inc. 2019-09-20 - Add-on Acquisition
Philadelphia, Pennsylvania · www.ameribesthomecare.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (14%) - 9 (16%) -
Electrical Equipment 2 (9%) - 5 (9%) -
Plastics 2 (9%) - 5 (9%) -
Business Services - - 4 (7%) -
Food 2 (9%) - 3 (5%) -
Healthcare Services 2 (9%) - 3 (5%) -
Machinery - - 3 (5%) -
Consumer Products - - 2 (4%) -
Distribution 1 (5%) - 2 (4%) -
Information Technology 2 (9%) - 2 (4%) -
Packaging 2 (9%) - 2 (4%) -
Apparel/Textiles - - 1 (2%) -
Automotive - - 1 (2%) -
Building Materials 1 (5%) - 1 (2%) -
Chemicals - - 1 (2%) -
Communications 1 (5%) - 1 (2%) -
E-Commerce 1 (5%) - 1 (2%) -
Education - - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Environmental - - 1 (2%) -
Internet Software and Services 1 (5%) - 1 (2%) -
Marketing - - 1 (2%) -
Metals/Mining - - 1 (2%) -
Publishing 1 (5%) - 1 (2%) -
Staffing - - 1 (2%) -
Technology Hardware 1 (5%) - 1 (2%) -
Total 22 - 55 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 21 (95%) - 54 (98%) -
  Minnesota 4 (18%) - 12 (22%) -
  Wisconsin 2 (9%) - 7 (13%) -
  Texas 2 (9%) - 4 (7%) -
  Florida 2 (9%) - 3 (5%) -
  Pennsylvania 2 (9%) - 3 (5%) -
  Iowa 1 (5%) - 3 (5%) -
  Illinois 1 (5%) - 3 (5%) -
  Maryland - - 3 (5%) -
  California 2 (9%) - 2 (4%) -
  New Jersey - - 2 (4%) -
  Georgia 1 (5%) - 1 (2%) -
  Alabama 1 (5%) - 1 (2%) -
  Tennessee 1 (5%) - 1 (2%) -
  New York 1 (5%) - 1 (2%) -
  Michigan 1 (5%) - 1 (2%) -
  Indiana - - 1 (2%) -
  Connecticut - - 1 (2%) -
  Colorado - - 1 (2%) -
  Utah - - 1 (2%) -
  South Dakota - - 1 (2%) -
  Nevada - - 1 (2%) -
  Missouri - - 1 (2%) -
Australia 1 (5%) - 1 (2%) -
Domestic 21 (95%) - 54 (98%) -
Cross-border 1 (5%) - 1 (2%) -
Total 22 - 55 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 10 (45%) - 25 (45%) -
Growth Capital 9 (41%) - 17 (31%) -
Recapitalization 1 (5%) - 8 (15%) -
Secondary Buyout 2 (9%) - 3 (5%) -
Divestiture - - 1 (2%) -
Going Private - - 1 (2%) -
Total 22 - 55 -

Exits by Deal Type

Type Total # Value
Trade Sale 12 (44%) 213M (100%)
Secondary Sale 9 (33%) -
Trade Sale - Public Company 2 (7%) -
Bankruptcy 1 (4%) -
Recapitalization 1 (4%) -
Sold to Management 1 (4%) -
Unknown 1 (4%) -
Total 27 $213M

Top M&A Advisors

Financial Deals
Lincoln International
2
Stout Risius Ross LLC
1
R.L. Hulett & Co., Inc.
1
Legal Deals
Briggs and Morgan, P.A.
1

Deal Values

sell # Total
$100M to $1B 1 $213M
TOTAL $213M
Largest Copperfield LLC
$213M (2007-03-10)

M&A Connections

Deals
Acquired from
Investor(s)
7%
4 (7%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
37%
10 (37%)
Strategic(s)
52%
14 (52%)

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