Spell Capital Partners (Spell Family Office) Acquires MacDonald & Owen

March 2, 2026

Spell Capital Partners, acting through the Spell Family Office, acquired MacDonald & Owen in partnership with the company’s existing management team. The investment is described as a long-term, values-driven ownership arrangement, with leadership continuing and maintaining a meaningful stake.

Targets
MacDonald & Owen
Industry
Manufacturing
Location
Wisconsin, United States
Transaction Type
Buyout

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