Minneapolis, MN, July 2013 – Spell Capital Mezzanine (“Spell”) is pleased to announce a $4.0 million subordinated debt investment in Northwire, Inc. (“Northwire” or the “Company”) as part of a refinancing of the Company.
Northwire is a designer, manufacturer and contract service provider of custom technical products including wire and cable, retractile cords, cable assemblies, connectors, harnesses, injection molding, over-molding and contract engineering for diverse applications in life sciences, aerospace and defense, energy, industrial, architectural lighting, underwater and more. Founded over 41 years ago, the Company is a
registered woman-owned small business with corporate headquarters and manufacturing in Osceola, Wisconsin, a sales and design engineering center in Carson City, Nevada, and engineering and manufacturing in Santa Teresa, New Mexico.
“Spell played a key role in the refinancing of Northwire. Uniquely positioned to capitalize on Northwire’s extensive capabilities and customers to achieve continued organic growth, the partnership with Spell enables strategic growth through diversification and prospective acquisitions as well,” stated Katina Kravik, Chairwoman, CEO and owner of Northwire. “Client-centered and responsive, we appreciated Spell’s experience, flexibility and value-added approach throughout the entire transaction process,” explained Kravik.
“We are excited about this opportunity to partner with Northwire, ” said Mark McDonald, Managing Director at Spell. “The Company’s global reputation as a niche value added manufacturer of custom cables for complex cable systems combined with key differentiators such as no minimum order requirements and industry leading turn-around times will continue to drive Northwire’s success in the future.”
About Spell Capital Private Equity
Spell Capital Private Equity is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses. We use our deep expertise in acquisitions and financing to collaborate with management and grow the businesses in which we invest – both internally and through add-on acquisitions.
About Spell Capital Mezzanine
Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. We finance leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations and growth initiatives.
For more information about this transaction, please contact Mark McDonald, Managing Director [email protected].