Steele Solutions, a portfolio company of Revelar Capital, announced it has acquired Maysteel Industries, expanding its capabilities in engineered products and strengthening its position in high-growth end markets, including data centers and electrical infrastructure.
The transaction marks a significant milestone in Steele Solutions’ evolution into a diversified platform serving material handling, data center, and electrical design markets. Financial terms of the acquisition were not disclosed.
Founded in 1936, Maysteel is a manufacturer of custom enclosures, hot aisle containment systems, and precision-fabricated metal products used in demanding environments such as data centers and power infrastructure. The company’s expertise in highly engineered solutions complements Steele Solutions’ existing offerings in automation controls, electrical design, and structural systems.
Since partnering with Revelar Capital in 2020, Steele Solutions has expanded through both organic growth and acquisitions, increasing manufacturing capacity, diversifying its customer base, and broadening its total addressable market. The addition of Maysteel enhances the platform’s exposure to strong secular tailwinds, including rising U.S. data center investment and increasing electrification.
The combined platform is positioned to deliver integrated solutions across multiple end markets, leveraging expanded engineering capabilities, operational scale, and customer relationships to drive continued growth.
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“We have partnered closely with the Steele Solutions team to transform the business, expanding its capabilities and the end markets it serves. During this time, the company has enhanced its commercial and manufacturing operations and successfully executed a thoughtful strategic plan to create a stronger and more resilient business with many avenues for growth. The addition of Maysteel is a major step in this evolution, strengthening Steele Solutions’ capabilities across core growth sectors and enhancing its ability to create sustained organic and inorganic growth.”
John Morningstar, Managing Partner, Revelar Capital
“The acquisition of Maysteel marks the latest exciting chapter within our growth-oriented partnership with Revelar, who has pushed us to accelerate our investment in the business, supporting our strong track record of organic and M&A driven growth. Our top priority is ensuring we further our platform’s value proposition by continuing to deliver on being a leading solutions provider to our broadened customer base. Maysteel has built an exceptional reputation for quality and reliability, and we’re excited to welcome their talented team into the Steele Solutions family. We look forward to working alongside them and our long-term partners at Revelar to build on this momentum and drive continued growth.”
Kevin O’Neill, CEO, Steele Solutions
“Maysteel has delivered strong historical growth, driven by its differentiated engineering capabilities and trusted position with customers. Its presence in fast-growing data center and electrification end markets is highly complementary to Steele Solutions and expands the platform’s exposure to compelling secular tailwinds. With Steele Solutions’ broader capabilities, resources, and strategic focus on investment-led growth, we see an attractive opportunity to scale the Maysteel business even more rapidly going forward.”
William Paolella, Principal, Revelar Capital
