Spell Capital is based in Minnesota and has a 35 year history of investing in private equity, specializing in industrial manufacturing transactions.

The Spell family (Speliopoulos) emigrated to the United States from the Peloponnese region of Greece at the turn of the twentieth century.

During his tenure as an investment banker, the firm specialized in venture capital placements and initial and secondary public offerings.

[12] In early 1988, Bill founded Spell Capital Partners, a private equity firm that specializes in lower middle market industrial leveraged buyouts (LBO).

[17] From 1993 to 2006, the principals of Spell Capital Partners held a controlling interest in a publicly traded company, PW Eagle (Nasdaq: PWEI), which was the second largest plastic pipe manufacturer in the United States.

Since inception, Spell Capital Partners has posted an annual IRR investment performance of 26.9% and a cash-on-cash multiple of 3.28 times.

[21] During 2020, the US Small Business Administration (SBA) named Spell Mezzanine the “SBIC firm of the year.”[22] Since 1997, Bill has been a member of the Young President’s Organization (YPO), and subsequently (WPO) and (CEO).

[27] Bill has also served on the board of directors for a number of philanthropic organizations including the Minneapolis Heart Institute at Abbott Northwestern Hospital, the Minnesota Zoo,[28] the Center for the American Experiment, and the 1% Giving Club.

[31] Bill is a fulfilled member of Leadership 100, an Archon of the Ecumenical Patriarchate,[32] and a past Parish Council President of his Church in Minneapolis, Minnesota.

Bill is a board member of The Hellenic Initiative, Holy Cross Seminary/Hellenic College, and the St. Nicholas Church and Shrine in New York.