Spell Capital Partners

Spell Capital Partners, LLC, established in 1988, is a Minneapolis-based private equity and mezzanine capital manager. With over three decades of experience, the firm focuses on investing in industrial sectors across the United States, targeting both equity and debt opportunities. Its investment professionals, known for their diverse backgrounds and successful track records, are currently deploying capital from Spell Capital Partners Fund IV and Spell Capital Mezzanine Partners, their first mezzanine fund. The firm's primary areas of interest include industrial, manufacturing, plastics, packaging, precision metal fabrications, commercial products, and services.

Brent Haukom

Vice President

Paul Perseke

Operating Partner

Peter Ploumidis

Operating Partner

Bruce Richard

General Partner

James Rikkers

Senior Managing Director

Harry Spell

Managing Director

Bill Spell

Founder / President

4 past transactions

3P Processing

Acquisition in 2025
Founded in 2007, 3P Processing specializes in metal processing services for the aerospace industry. They offer a range of services including non-destructive testing, chemical processing, anodizing, masking, and painting for aluminum, titanium, and steel components.

Anchor Fabrication

Debt Financing in 2015
Anchor Fabrication is a comprehensive metal fabrication company serving diverse industries such as rail, industrial, heavy truck, oil and gas, and logistics. It offers plasma and laser cutting, welding, machining, forming assembly, and painting services.

Fiberstar

Debt Financing in 2013
Founded in 1998, Fiberstar specializes in researching, developing, and manufacturing natural ingredients that enhance food quality and nutrition. Its flagship product, Citri-Fi, derived from orange pulp, offers multi-functional benefits such as moisture management, partial fat replacement, and label-friendly properties. The company's products serve a wide range of industries including bakery, dairy, and meat products.

Arctic Fox

Acquisition in 2007
Arctic Fox is a company that specializes in manufacturing and supplying fluid heating systems for various vehicles and equipment. The company caters to both domestic and international markets, offering a range of patented fuel and fluid heating products tailored for production vehicles used by truck manufacturers in North America. Additionally, Arctic Fox has established strategic alliances with leading companies in the fluid heating and filtering sector to develop comprehensive fuel and fluid heating systems. These systems are utilized across diverse industries, including oil and gas, timber, and military applications worldwide.
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