Deal Details

Steele Solutions Acquires Maysteel

Industrial

Steele Solutions, a portfolio company of Revelar, acquisition of Maysteel

Summary

Steele Solutions, Inc. (“Steele Solutions”), a portfolio company of Revelar Capital (“Revelar”), recently completed the acquisition of Maysteel Industries, LLC (“Maysteel” or the “Company”).

Baird served as exclusive financial advisor to Steele Solutions on this transaction.

About

Steele Solutions is a North American leader in engineered solutions for the material handling industry—including automation controls, electrical design, steel platforms and chutes. The firm’s solutions are used in the automation systems of many of the nation’s largest e-commerce and parcel delivery networks and facilities. With its own dedicated engineering and technical services teams, Steele Solutions is deeply involved in the design and customization of each solution to meet unique facility requirements, acting as a value-add partner to its customers and end users. Steele Solutions is headquartered in Milwaukee, Wisconsin.

Revelar is a leading private equity firm which invests exclusively across the specialty manufacturing, healthcare services and essential services sectors. Since its founding in 1995, Revelar 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. Revelar 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. Revelar is headquartered in Bethesda, Maryland.

Maysteel is a leading provider of mission-critical aisle containment solutions, racks, cabinets and other 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. Maysteel is headquartered in Allenton, Wisconsin.

Industrial

Steele Solutions, a portfolio company of Revelar, acquisition of Maysteel