Revolution Capital Group has sold Maysteel Industries to LJC Investments III
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Revolution Capital Group (“Revolution”) has sold Maysteel Industries (“Maysteel” or the “Company”) to LJC Investments III, an investment vehicle controlled by Littlejohn Capital (“Littlejohn”). Terms of the transaction were not disclosed.
Maysteel specializes in designing, engineering and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets and metal fabricated assemblies. The Company’s product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel was founded in 1936 and has manufacturing locations in Allenton, Wisconsin, and Monterrey, Mexico. For more information, visit www.maysteel.com.
Kevin Matkin, CEO of Maysteel, commented, “Lincoln’s deep understanding of our business and commitment throughout the entire process were critical in achieving a successful outcome with the right partner that will allow Maysteel to further its growth.”
Lincoln acted as the exclusive investment banking representative for Revolution and Maysteel, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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