M&A Deal Summary

Spell Capital Partners Acquires Alkota Cleaning Systems

On January 1, 1999, private equity firm Spell Capital Partners acquired machinery company Alkota Cleaning Systems

Acquisition Highlights
  • This is Spell Capital Partners’ 1st transaction in the Machinery sector.
  • This is Spell Capital Partners’ 1st transaction in the United States.
  • This is Spell Capital Partners’ 1st transaction in South Dakota.
Investment Fate
  • Alkota Cleaning Systems was sold to a consortium of financial buyers in 2006.
  • Alkota Cleaning Systems was sold to a consortium of financial buyers in 2015.

M&A Deal Summary

Date 1999-01-01
Target Alkota Cleaning Systems
Sector Machinery
Buyer(s) Spell Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Alkota Cleaning Systems

Alcester, South Dakota, United States
Alkota Cleaning Systems designs and manufactures pressure washers, steam cleaners, space heaters, and related products for a wide range of end markets. Alkota was founded in 1964 and is based in Alcester, South Dakota.

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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 1 of 54
Sector: Machinery M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 27
State: South Dakota M&A 1 of 1
Country: United States M&A 1 of 51
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-12 Copperfield

Bremen, Indiana, United States

Copperfield LLC is an independent fabricators and insulators of copper electrical wire and cable in the United States.

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