Falls Fabricating Sold to Employee Owners by Spell Capital Partners
January 15, 2021
Spell Capital Partners announced the sale of Falls Fabricating, a Little Falls, Minnesota-based contract metal fabricator and CNC machining shop that Spell Capital had owned since 2007. The buyer was an employee ownership group (employees of Falls Fabricating) in a transaction intended to keep the business local and preserve jobs; Spell Capital described the transaction as a divestiture after 14 years of ownership.
- Buyers
- Employees of Falls Fabricating
- Targets
- Falls Fabricating
- Sellers
- Spell Capital Partners
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Transaction Type
- Divestiture
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