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Spell Capital Partners, Edina, Mn., has acquired MacDonald & Owen, West Salem, Wi., 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.
MacDonald & Owen produces around 40 million bd. ft. annually of hardwood lumber from four different locations. With two facilities in Wisconsin, and one in Pennsylvania, M&O is able to serve their customers with over 18 species of American hardwoods to over 30 countries. Services include custom length/width/color sorts, gang ripping, S4S, mixed truckload shipments. It also has a full-service wood components facility offering drawer sides, face frame profiles, glued panels, cabinet parts, chopped to length parts, other millwork services, and UV finishing. It is FSC certified.
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.”
