Spell Capital Partners

Spell Capital Partners is a Minneapolis-based private equity firm that specializes in the acquisition of controlling interests in industrial manufacturing and service companies. Founded in 1988, the firm manages both private equity buyouts and mezzanine capital funds, providing financing for leveraged buyouts, recapitalizations, and growth initiatives. While its primary focus is on the industrial sector, Spell Capital has experience investing in healthcare-related manufacturing and medical device components through its portfolio companies. The firm typically targets lower middle-market companies with established management teams and consistent profitability, generally seeking businesses with EBITDA of at least $4 million for buyouts and $2 million for mezzanine financing.