Patriot Capital Supports Maysteel Industries' Acquisition of DAMAC

1/9/18

Patriot Capital is pleased to announce a subordinated debt and equity investment in support of Maysteel Industries, LLC's acquisition of DAMAC Products LLC.

Maysteel, a Littlejohn Capital portfolio company, is an Allenton, WI based manufacturer of custom OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. In addition, Maysteel has a production facility in Monterrey, Mexico. DAMAC is a La Mirada, CA based designer and manufacturer of data center infrastructure products, including: server cabinets, wall-mount racks, seismic and thermal management products, power distribution equipment, and cable runway systems.

DAMAC represents an opportunity to expand Maysteel's existing customer base, end market coverage and geographic footprint across North America, while leveraging existing international relationships in Europe and a shared experience in fabrication techniques.

About Patriot Capital

Patriot Capital is a leading source of growth capital for middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations. Patriot Capital is focused on debt capital and minority equity investments. Our senior deal professionals each have over 20 years of diverse corporate finance experience. We provide companies with capital and seasoned business judgment for transactions.

Patriot Capital utilizes a disciplined investment strategy developed over many years that focuses on capital preservation, consistent earnings growth and income generation. Patriot Capital has invested in and managed companies successfully through varying periods of economic expansion and contraction. We understand and employ successful strategies and tactics needed to guide our companies through these periods.

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