M&A Deal Summary

Spell Capital Partners Acquires All Star Corrugated

On June 18, 2024, private equity firm Spell Capital Partners acquired packaging company All Star Corrugated

Acquisition Highlights
  • This is Spell Capital Partners’ 4th transaction in the Packaging sector.
  • This is Spell Capital Partners’ 50th transaction in the United States.
  • This is Spell Capital Partners’ 3rd transaction in Texas.

M&A Deal Summary
Date 2024-06-18
Target All Star Corrugated
Sector Packaging
Buyer(s) Spell Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

All Star Corrugated

Fort Worth, Texas, United States
All Star Corrugated is a custom, flexible, quick-turn provider of corrugated packaging to the Dallas/Fort Worth (“DFW”) market. It operates out of 78,000 square feet of manufacturing and warehouse space and works closely with each client and product to develop custom packaging solutions to deliver superior box and wrapping solutions at competitive prices. All Star Corrugated was formed in 1983 and is based in Fort Worth, Texas.

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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 53 of 53
Sector (Packaging) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 26 of 26
State (Texas) 3 of 3
Country (United States) 50 of 50
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Complete Packaging

Monroe, Michigan, United States

Complete Packaging is a provider of precision-engineered and customizable packaging solutions primarily to automotive and industrial markets. Complete Packaging was founded in 1979 and is based in Monroe, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-30 Viking Plastics

Corry, Pennsylvania, United States

Viking Plastics is a manufacturer of tight-tolerance and custom injection molded products and assemblies for the automotive, HVAC, and industrial markets. Viking Plastics was founded in 1972 and is based in Corry, Pennsylvania.

Sell -
Mergr

Product

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