M&A Deal Summary

Spell Capital Partners Acquires 3P Processing

On March 1, 2018, private equity firm Spell Capital Partners acquired manufacturer 3P Processing

Acquisition Highlights
  • This is Spell Capital Partners’ 9th transaction in the Manufacturing sector.
  • This is Spell Capital Partners’ 43rd transaction in the United States.
  • This is Spell Capital Partners’ 1st transaction in Kansas.

M&A Deal Summary
Date 2018-03-01
Target 3P Processing
Sector Manufacturing
Buyer(s) Spell Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

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.

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Buyer(S) 1

Buyer

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 43 of 53
Sector (Manufacturing) 9 of 10
Type (Buyout (LBO, MBO, MBI)) 21 of 26
State (Kansas) 1 of 1
Country (United States) 43 of 50
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Jet Edge Waterjet Systems

St. Michael, Minnesota, United States

Jet Edge is a manufacturer of waterjets for precision and mobile waterjet cutting, ultra-high pressure water blasting, cleaning, and surface preparation. Jet Edge makes waterjet cutting machines, waterjet pumps, and water jet parts. Jet Edge was formed in 1984 and is based in St. Michael, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 IRONMARKETS

Fort Atkinson, Wisconsin, United States

IRONMARKETS is a provider of integrated marketing solutions across five business-to-business media platforms including digital, print, mobile, live events and social media to the heavy construction and food & supply chain logistics industries. IRONMARKETS was founded in 2014 and is based in Fort Atkinson, Wisconsin.

Sell -
Mergr

Product

Company

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