Private equity firm Littlejohn & Co. LLC has bought Maysteel Industries LLC, a designer and manufacturer of sheet metal enclosures, for an undisclosed amount. The PE firm used funds from LJC Investments III LLC, an investment vehicle controlled by Littlejohn, to acquire the target from Revolution Capital Group LLC.
Maysteel, founded in 1936, engineers and customizes custom made sheet metal enclosures, electrical cabinets and metal fabricated assemblies for a variety of uses. The target’s products are used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, self-serve and vending machine verticals. Maysteel has manufacturing facilities in Allenton, Wisconsin and Monterrey, Mexico. The target also offers project engineering, metal forming and rapid prototyping services.