Maysteel Industries, LLC Acquires DAMAC Products, LLC
Maysteel Industries, LLC (“Maysteel”) has announced the acquisition of DAMAC Products, LLC (“DAMAC”), a leading manufacturer of custom data center infrastructure equipment.
DAMAC’s data center infrastructure products include server cabinets, wallmount racks, seismic and thermal management products, power distribution equipment and cable runway systems. DAMAC’s product line includes more than 2,500 items engineered to the most exacting specifications. The company’s engineers also work closely with customers to deliver tailored infrastructure solutions that precisely meet their needs. DAMAC currently serves a number of industries, including cloud computing, cloud storage, colocation, energy, finance, retail, and telecommunications and is tracking potential adjacent industry verticals, including health care, education, and government.
“This transaction is an important step in our efforts to continue to transform Maysteel by broadening its geographic footprint across North America and leveraging DAMAC’s existing presence in Europe. In addition, both Maysteel and DAMAC offer customized metal fabrication solutions in adjacent markets that each can assist in supporting. As the data center industry continues to evolve towards larger hyper-scale data centers, operators are demanding customized, alternative designs and technologies to drive economies of scale. The strength of DAMAC’s customer relationships and its growth trajectory are impressive, and we look forward to building on that momentum to bring even more comprehensive solutions to current and new markets/core segments,” said Kevin Matkin, chief executive officer, Maysteel.
Maysteel was acquired earlier this year by LJC Investments III, LLC, an investment vehicle controlled by Littlejohn Capital, LLC.
“DAMAC has built its reputation by offering customized products supported by expert engineering and design staffs who collaborate heavily with end user customers to design optimal solutions tailored to individual needs of data center operators. We are confident that Kevin and his team will leverage the combined companies’ metal fabrication technologies and engineering expertise to grow DAMAC into a key player in the worldwide engineered data center solutions market,” said Angus C. Littlejohn Jr., founder and chairman, Littlejohn Capital.