Spell Capital Partners Announces Acquisition of MacDonald & Owen

Spell Capital Partners is pleased to announce that the Spell Family Office has acquired MacDonald & Owen in partnership with the management team.

Founded more than 50 years ago, MacDonald & Owen is a leading manufacturer and supplier of high-quality hardwood lumber and specialty wood products serving a diverse customer base around the world. The company has built a strong reputation for craftsmanship, reliability, and long-standing customer relationships across the hardwood lumber industry.

Spell Capital's investment was made in partnership with MacDonald & Owen's existing leadership team, who will continue to lead the business and maintain a meaningful ownership stake. This alignment reflects a shared commitment to preserving the company's heritage while supporting its next phase of growth. As a long-term, family office investor, Spell Capital focuses on partnering with strong management teams to build durable, values-driven businesses.

"We are excited to partner with the MacDonald & Owen team as stewards of a business with such a rich history and reputation," said Jim Rikkers, Senior Managing Director at Spell Capital. "As we look ahead, our focus is on supporting thoughtful, long-term growth while preserving the culture and customer relationships that have been central to the company's success."

Spell Capital appreciates the collaboration of the MacDonald & Owen team and the advisors who supported the transaction.

For more information on the MacDonald & Owen acquisition, please contact Jim Rikkers at [email protected].

Spell Capital is actively seeking new platform and add-on acquisition opportunities in industrial manufacturing businesses and has significant experience in packaging, plastics, capital equipment, and niche industrial parts and components. Referrals can be directed to Harry Spell, [email protected], or Jim Rikkers, [email protected].