Quazar Capital Corporation is pleased to announce the sale of Jet Edge, Inc. (Jet Edge), a wholly owned subsidiary of JPK Inc., to Spell Capital Partners, LLC. Jet Edge, based in St. Michael, Minnesota, is a leading manufacturer of ultra-high pressure waterjet technology. This transaction reaffirms Quazar Capital’s experience with closely held Industrial Manufacturers, as well as its strong relationships in the Midwest.
Jet Edge, Inc., was acquired from Possis Corporation in 1994; it continuously invests in, and develops, new technology to stay at the forefront of the waterjet cutting industry. Today, the Company is a leading manufacturer of ultra-high pressure waterjet technology for companies around the world specializing in aerospace, automotive, food, and machine shop services. Jet Edge has maintained success through utilizing its talented workforce to maintain strong customer relationships and develop market leading technologies.
The Shareholders made a strategic decision to create liquidity and divest Jet Edge at this time. The Shareholders chose Quazar Capital as their M&A Advisor primarily due to Quazar Capital’s experience and reputation working with family owned businesses in the Manufacturing Industry.
“We are very excited about the future of Jet Edge. We chose Spell Capital because of their Midwest values and their ability to take the company to the next level. After many years of dedication and hard work, it is reassuring to see the employees in good hands with an exciting future ahead.” – Jude Lague, President of Jet Edge, Inc.
About Spell Capital Partners: Spell Capital Partners, LLC is an established manager of private equity and mezzanine funds. Spell Capital uses its deep expertise in acquisitions and financing to collaborate with management and grow the businesses in which it invests – both internally and through add-on acquisitions.
About Quazar Capital Corporation: Quazar Capital Corporation is a Minnesota Investment Banking Firm with over 25 years’ experience confidentially helping privately held companies with Mergers & Acquisitions, Recapitalizations, and Financial Advisory Services.