Investment Summary

Spell Capital Partners Invests In Grigg Box

On May 4, 2020, private equity firm Spell Capital Partners invested in packaging company Grigg Box

Investment Highlights
  • This is Spell Capital Partners’ 3rd transaction in the Packaging sector.
  • This is Spell Capital Partners’ 48th transaction in the United States.
  • This is Spell Capital Partners’ 2nd transaction in Michigan.

Investment Summary

Date 2020-05-04
Target Grigg Box
Sector Packaging
Investor(s) Spell Capital Partners
Deal Type Stake Purchase

Target

Grigg Box

Detroit, Michigan, United States
Grigg Box is a producer of industrial custom wood packaging products. Grigg Box provides government, commercial and military packaging services for both domestic and export shipment. Grigg Box was founded in 1932 and is based in Detroit, Michigan.

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Investor(S) 1

Investor

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 49 of 53
Sector (Packaging) 3 of 4
Type (Stake Purchase) 1 of 1
State (Michigan) 2 of 2
Country (United States) 48 of 50
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Precision Production

Strongsville, Ohio, United States

Precision Production is a niche manufacturer of Swiss screw machined products. The company specializes in high pressure fittings for fluid and motion control applications, sold into a wide variety of industries. Precision Production is based in Strongsville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-13 Arandell

Menomonee Falls, Wisconsin, United States

Arandell is a commercial printing company providing high-quality catalogs and multichannel marketing solutions to upscale retailers. Arandell was founded in 1922 and is based in Menomonee Falls, Wisconsin.

Sell -