M&A Deal Summary

Littlejohn Capital and Route 2 Capital Partners Acquire 3P Processing

On April 22, 2025, private equity firm Littlejohn Capital and mezzanine finance firm Route 2 Capital Partners acquired manufacturer 3P Processing from Spell Capital Partners

Acquisition Highlights
  • This is Littlejohn Capital’s 2nd and Route 2 Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Littlejohn Capital’s 6th and Route 2 Capital Partners’ 9th transaction in the United States.
  • This is Littlejohn Capital’s 2nd and Route 2 Capital Partners’ 1st transaction in Kansas.

M&A Deal Summary

Date 2025-04-22
Target 3P Processing
Sector Manufacturing
Buyer(s) Littlejohn Capital
Route 2 Capital Partners
Sellers(s) Spell Capital Partners
Deal Type Secondary Buyout
Advisor(s) KAL Capital Markets LLC (Financial)

Target

3P Processing

Wichita, Kansas, United States
3P Processing is a full-service provider of metal finishing, testing and inspection process services to the Aerospace & Defense sector, specializing in complex geometric and high-precision parts. 3P Processing was founded in 1974 and is based in Wichita, Kansas.

Search 207,782 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

DESCRIPTION

Littlejohn Capital is a private equity firm focused on control investments in profitable, lower middle-market companies valued up to $75 million. The Firm has a particular interest in family owned companies undergoing generational transition. Preferred industries include manufacturing, fabrication, processing, logistics, materials, and services. Littlejohn will not invest in retail, consumer products, fashion, gambling, start up technologies and biotechnology. Littlejohn Capital was formed by Angus C Littlejohn, founder of Littlejohn & Co., a mega-sized investment firm headquartered in Greenwich, Connecticut. Littlejohn Capital is based in Savannah, Georgia.


DEAL STATS #
Overall 6 of 6
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 4
State: Kansas M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Alto Health Care Staffing

Dayton, Ohio, United States

Alto Health Care Staffing is a diversified healthcare staffing firm. Alto's three key business lines include providing clinical temporary staffing primarily for nursing homes and long-term care facilities on a per diem or short-term contract basis; travel nurses primarily to hospitals; and medical assistants to doctors' offices. Alto Health Care Staffing was founded in 2003 and is based in Dayton, Ohio.

Buy -
Buyer
DESCRIPTION

Route 2 Capital Partners is a private investment firm that provides flexible financing solutions in the form of equity and mezzanine capital. The Firm looks to commit $3 to $20 million per transaction to support acquisitions, buyouts, growth capital, recapitalizations, and shareholder liquidity needs. Route 2 prefers investing in profitable companies (> $2 million of EBITDA) located in the Southern US. Sectors of interest include business services, healthcare services, niche manufacturing, and specialty distribution. Route 2 Capital Partners was formed in 2016 and is headquartered in Charleston, South Carolina.


DEAL STATS #
Overall 9 of 9
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Kansas M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 SPG

Atlanta, Georgia, United States

SPG manufactures and supplies commercial-grade, steel, stainless steel, and aluminum materials handling and storage products used in a variety of end-markets including industrial distribution, food service, and grocery and convenience stores. It primarily sells to the domestic locations of leading industrial distributors, quick-service restaurant brands and franchisees, big box retailers, and convenience stores, working directly with customers to engineer custom storage and material handling solutions. SPG was founded in 2010 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 37 of 37
Sector: Manufacturing M&A 9 of 9
Type: Secondary Buyout M&A Deals 11 of 11
State: Kansas M&A 1 of 1
Country: United States M&A 37 of 37
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 Norshield

Montgomery, Alabama, United States

Norshield is a provider of attack protection systems providing the most comprehensive security product offering in the industry. Norshield products include steel and aluminum blast-resistant, bullet-resistant, and attack-resistant doors, windows, and guard enclosures. Norshield was founded in 1981 and is based in Montgomery, Alabama.

Sell -