Littlejohn Capital has completed the sale of Maysteel Industries to Steele Solutions, Inc., a portfolio company of Revelar Capital

Maysteel Industries

Maysteel Industries (Maysteel) is a leading provider of mission-critical aisle containment solutions, racks, cabinets and other original equipment manufacturer (OEM) sheet-metal products for data centers, essential infrastructure and renewable energy applications. The company operates six facilities across North America and serves hyperscalers, colocation providers and other industrial OEMs through deep engineering expertise, design-for-manufacturability and fully integrated production. Headquartered in Allenton, Wisconsin, Maysteel employs approximately 800 people. Founded in 1936, Maysteel today operates manufacturing locations in Allenton and Germantown, Wisconsin; Lynchburg, Virginia; Garland, Texas; Frederick, Colorado; and Monterrey, Mexico. For more information, visit www.maysteel.com.

The Deal

Maysteel, a portfolio company of Littlejohn Capital, has grown to become a full-scale manufacturer of critical, structural parts and enclosures with a substantial footprint spanning North America. Under Littlejohn Capital’s ownership, Maysteel executed transformative initiatives including several strategic acquisitions that expanded the company from two facilities into six and established strong positions in the rapidly growing data center and essential infrastructure markets. The combination with Steele Solutions, Inc. adds complementary capabilities, enhances end market diversification and positions the combined platform to deliver accelerated growth across a broader set of industrial and essential infrastructure applications.

Littlejohn Capital entrusted Lincoln given its deep industrial manufacturing and data center market expertise, as well as the breadth of its relationships with relevant strategic and financial buyers.

Our Perspective

Brian Goodwin, Lincoln International Managing Director who led the transaction, commented, “Maysteel is an exceptionally well-invested platform with the engineering depth, manufacturing scale and capacity to meet the rapidly accelerating needs of data center and essential infrastructure customers who are increasingly seeking long-term partnerships with suppliers capable of delivering mission-critical solutions. We are proud to have supported Littlejohn Capital and the Maysteel team in achieving this outcome and are excited to see the company’s continued growth alongside Steele Solutions, Inc. and Revelar Capital.”

Littlejohn Capital

Littlejohn Capital is the family office of Angus C. Littlejohn Jr., co-founder of Littlejohn & Co., where he currently serves as Chairman Emeritus. Founded in 2013, Littlejohn Capital seeks to make control investments in small- to mid-sized private companies that are undergoing strategic, operational or generational transitions. For more information, visit www.littlejohncapital.com.

Steele Solutions, Inc.

Steele Solutions, Inc. is a North American leader in engineered solutions for the material handling industry – including automation controls, electrical design, steel platforms and chutes. The company partners with industry-leading integrators who lead warehouse automation projects for large e-commerce retailers and parcel providers. Steele Solutions, Inc. is headquartered in South Milwaukee, WI, and operates manufacturing facilities in South Milwaukee, WI; Waupaca, WI; and Tiffin, OH. In addition, the company has full support personnel in West Allis, WI; Tiffin, OH; and Atlanta, GA. For more information, visit www.steelesolutions.com.

Revelar Capital

Revelar Capital is a leading private equity firm headquartered in New York which invests exclusively across the healthcare services, business services and specialty manufacturing sectors. Since its founding in 1995, Revelar Capital has raised more than $6 billion in capital commitments across over 10 funds. The firm’s portfolio companies today generate $4 billion in revenue and employ 60,000 individuals. The firm leverages its sector specialization in complex, fragmented industries to identify and execute on overlooked investment opportunities, partnering with management teams to unlock growth through strategic initiatives, operating improvements and add‐on acquisitions. The firm functions as a strategic partner, providing management teams with top‐line support, M&A experience, financial expertise and access to resources. For additional information, please visit revelarcapital.com.

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