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Birmingham, Michigan – December 19, 2014 – Angle Advisors is pleased to announce that Tech Cast Holdings, LLC, an entity formed by Spell Capital Partners (“Spell”), has acquired Spara, LLC’s subsidiary, T Cast Holdings, LLC (“Tech Cast” or the “Company”) . Angle Advisors acted as the exclusive investment banking advisor to Tech Cast in completing this transaction.

Based in Myerstown, Pennsylvania, Tech Cast is a leading provider of near-net shape investment castings for the commercial, mining, medical, agriculture, oil field and military industries. The Company is industry leading in the size of its product offerings, with the capability to manufacture highly engineered investment castings weighing from a few ounces up to 500 pounds. Operating from a 44,000 square foot state-of-the-art facility, Tech Cast uses a multitude of raw materials from low grade steels to highly exotic alloys, bronzes and various grades of ductile iron in order to meet customer specifications. In addition to its vast metallurgical knowledge, the Company has been very successful in using rapid prototype techniques to reduce high tooling costs and shorten time to market.

“We specialize in acquiring industrial manufacturing businesses,” said William Spell, President of Spell Capital. “Tech Cast fits our investment criteria perfectly. We are excited about growing the business and creating value for the community, the employees and our investors. This was a complex transaction. Angle Advisors did an excellent job articulating the opportunity and managing the process from beginning to end with the seller and all the various constituents. They were wonderful to work with.”

John DiDonato, Huron Business Advisory Managing Director and Chief Restructuring Officer said, “Spara’s re-organization is focused on realizing full value for operating subsidiaries. Tech Cast is a major technology innovator in the investment casting arena and generated a high level of interest from buyers. Angle Advisors reported to our independent managers without fail, accomplished our value and timing goals with a strategic process, and executed quickly, professionally and seamlessly in concert with the Huron Business Advisory team.”

Founded in 1988, Spell Capital has over 25 years of successful industry experience. The principals of Spell Capital Partners are widely regarded as accomplished, experienced professionals with diverse backgrounds and successful investment track records. Currently, Spell is investing its fourth private equity buyout fund, Spell Capital Partners Fund IV. Additionally, Spell is investing its first mezzanine fund, Spell Capital Mezzanine Partners. For more information, visit

Huron Business Advisory resolves complex business issues and enhances value with a full suite of services for middle-market companies and larger businesses, including forensic investigations, transaction advisory, restructuring and turnaround, interim management, capital raising, operational improvement, and valuation. The senior-level team members have vast experience in a range of industries, with many having served as C-level executives. They are able quickly analyze a business situation and apply knowledge to finding a workable solution. For additional information, visit or

Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 34 professionals have completed 126 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit


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