Spell Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Spell Capital Partners has acquired 4 companies.

Spell Capital Partners’ most common sectors for investment aremanufacturing (19%) and plastics (14%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and growth capital (25%). In total, Spell Capital Partners has invested in 22 US states and 3 different countries.

In the last 3 years, Spell Capital Partners has exited 1 company. 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 Activity84
    • M&A Buy Activity53
    • M&A Sell Activity31
  • Total Sectors Invested 20
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 26
  • M&A Advisors 4

Spell Capital Partners

7201 Metro Blvd Suite 850,
Minneapolis, Minnesota 55439
United States
(612) 371-9650
www.spellcapital.com
info@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 2 -
Investment Size 2 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 46 3 2 1 - 1 53
Sell (1.2/yr) # 25 5 1 - - - 31
vol $213M $213M
  84

Most Recent M&A

Company Date Value Type
All Star Corrugated 2024-06-18 - Buyout (LBO, MBO, MBI)
Fort Worth, Texas · www.allstarbox.com
Diamond Graphics LLC 2022-01-10 - Buyout (LBO, MBO, MBI)
Ramsey, Minnesota · www.dgiusa.net
Duromer Products Pty 2021-07-01 - Buyout (LBO, MBO, MBI)
Prestons, Australia · www.duromer.com
DuroColour Vietnam Ltd. 2021-07-01 - Buyout (LBO, MBO, MBI)
Long Thành, Vietnam
Falls Fabricating, Inc. 2021-01-15 - Sold to Management
Little Falls, Minnesota · www.fallsfab.com
Jet Edge, Inc. 2020-12-16 - Secondary Sale
St. Michael, Minnesota · www.jetedgewaterjets.com
Vestal Manufacturing Enterprises, Inc. 2020-12-07 - Trade Sale
Sweetwater, Tennessee · www.vestalmfg.com
Polar Plastics LLC 2020-10-23 - Trade Sale
Oakdale, Minnesota · www.polar-plastics.com
Arandell Corp. 2020-08-13 - Bankruptcy
Menomonee Falls, Wisconsin · www.arandell.com
Grigg Box Co. 2020-05-04 - Stake Purchase
Detroit, Michigan · www.griggbox.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (20%) - 10 (19%) -
Plastics 3 (20%) - 7 (13%) -
Business Services 1 (7%) - 5 (9%) -
Electrical Equipment 1 (7%) - 4 (8%) -
Machinery - - 4 (8%) -
Food 2 (13%) - 3 (6%) -
Packaging 2 (13%) - 3 (6%) -
Building Materials 2 (13%) - 2 (4%) -
Chemicals 1 (7%) - 2 (4%) -
Consumer Products - - 2 (4%) -
Distribution - - 2 (4%) -
Apparel/Textiles - - 1 (2%) -
Automotive - - 1 (2%) -
Education - - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Environmental - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Marketing - - 1 (2%) -
Metals/Mining - - 1 (2%) -
Staffing - - 1 (2%) -
Total 15 - 53 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (80%) - 50 (94%) -
  Minnesota 2 (13%) - 11 (21%) -
  Wisconsin - - 6 (11%) -
  Pennsylvania 2 (13%) - 3 (6%) -
  Texas 1 (7%) - 3 (6%) -
  Iowa 1 (7%) - 3 (6%) -
  Illinois 1 (7%) - 3 (6%) -
  Maryland - - 3 (6%) -
  Michigan 2 (13%) - 2 (4%) -
  New Jersey - - 2 (4%) -
  Florida - - 2 (4%) -
  Ohio 1 (7%) - 1 (2%) -
  Kansas 1 (7%) - 1 (2%) -
  Alabama 1 (7%) - 1 (2%) -
  Tennessee - - 1 (2%) -
  South Dakota - - 1 (2%) -
  Nevada - - 1 (2%) -
  Missouri - - 1 (2%) -
  Indiana - - 1 (2%) -
  Connecticut - - 1 (2%) -
  Colorado - - 1 (2%) -
  California - - 1 (2%) -
  Utah - - 1 (2%) -
Australia 2 (13%) - 2 (4%) -
Vietnam 1 (7%) - 1 (2%) -
Domestic 12 (80%) - 50 (94%) -
Cross-border 3 (20%) - 3 (6%) -
Total 15 - 53 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 9 (60%) - 26 (49%) -
Growth Capital 4 (27%) - 13 (25%) -
Recapitalization - - 8 (15%) -
Secondary Buyout 1 (7%) - 3 (6%) -
Divestiture - - 1 (2%) -
Going Private - - 1 (2%) -
Stake Purchase 1 (7%) - 1 (2%) -
Total 15 - 53 -

Exits by Deal Type

Type Total # Value
Trade Sale 14 (45%) 213M (100%)
Secondary Sale 10 (32%) -
Trade Sale - Public Company 2 (6%) -
Bankruptcy 1 (3%) -
Merger 1 (3%) -
Recapitalization 1 (3%) -
Sold to Management 1 (3%) -
Unknown 1 (3%) -
Total 31 $213M

Top M&A Advisors

Financial Deals
Lincoln International
2
R.L. Hulett & Co., Inc.
1
Stout Risius Ross LLC
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)
8%
4 (8%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
35%
11 (35%)
Strategic(s)
55%
17 (55%)

FAQ

When was Spell Capital Partners founded?

Spell Capital Partners was founded in 1988.

What type of investor is Spell Capital Partners?

Spell Capital Partners is a private equity firm.

Where is Spell Capital Partners headquartered?

Spell Capital Partners is headquartered in Minneapolis, Minnesota.

How much capital does Spell Capital Partners have under management?

Spell Capital Partners has 500M USD under management.

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