ALLENTON, Wis. — Maysteel Industries LLC and Porter’s Group announced a merger of the two companies, creating a leading custom sheet metal fabricator to serve a number of industries. Maysteel is a portfolio company of Littlejohn Capital LLC, and Porter’s Group is a portfolio company of Resilience Capital Partners. Both firms continue as equity owners of the combined company. The company will continue to operate under the Maysteel brand name.
Maysteel specializes in designing, engineering and manufacturing custom sheet metal enclosures, cabinets, kiosks, and racks for specific industry solutions from its locations in Wisconsin, California, and Mexico. Porter’s Group is a custom metal fabricator that serves 20 diverse industries from its three manufacturing locations in Virginia, South Carolina, and Texas. The combined company will have over 1,000 employees, six manufacturing locations across the U.S. and Mexico, and manufacturing partner locations in Europe.
“This merger creates a dynamic company and a much stronger competitor that responds to the needs of our customers and markets we serve,” said Kevin Matkin, CEO of Maysteel. “With greater scale, improved market leadership, increased engineering expertise, complementary strengths, and geographic reach, we have a broader product base to offer our customers from locations where customers need us. Current and future customers of Maysteel will benefit from the successful integration of these two leading companies, and we are very excited to add the talent, experience, and manufacturing expertise of the Porter’s Group team."
“As a result of the hard work of Kevin and his team, Maysteel has achieved many milestones, including completing an important acquisition that positioned Maysteel with a significant presence in the growing data center market,” said Angus Littlejohn Jr., founder and chairman of Littlejohn Capital. “The combination of these two companies greatly accelerates an already strong growth trajectory, and we look forward to continue supporting their efforts that will better serve Maysteel’s customers.”
“We welcome this merger with a highly regarded industry peer and look forward to complementing Porter’s locations with Maysteel to offer all current and future customers geographic reach across North America and Europe,” said Guy Roberts, COO of Maysteel. Mr. Roberts commented:. The continued support from Littlejohn Capital and Resilience Capital allows us to benefit from the combined resources of these two firms who have extensive expertise in our industry.”
“We look forward to becoming partners with the teams at Littlejohn Capital and Maysteel,” said Bassem Mansour, co-CEO, Resilience Capital Partners. “Both bring tremendous resources and experiences to the combined companies. We are like-minded in our approach, and we are confident that the future is bright for Maysteel.”
For more information, visit www.maysteel.com.