Minneapolis, MN, December 2019 – Spell Capital Mezzanine is pleased to announce a subordinated debt investment in BEST Engineered Surface Technologies (“BEST”) to support its acquisition of Teknicote.
BEST, a portfolio company of Sowell & Company and headquartered near Orlando, FL, provides high-performance coatings for metallic industrial components. Coatings include resins, Teflon-like polymers, anodizing, powder-coating, paints and hard coats. Teknicote, headquartered in Rumford, RI, is a provider of surface finishes for industrial and medical components.
Spell Capital Mezzanine has significant capital available and is actively seeking new investment opportunities.