Littlejohn Capital has divested its stake in Maysteel Industries, the Wisconsin‑based custom enclosure maker founded in 1936. The seller hands the company to Steele Solutions, a portfolio firm of Revelar Capital. No financial terms surfaced, but the transaction signals a strategic shift for both private‑equity players in the industrial manufacturing space in the market today.

Maysteel operates six North American facilities, delivering precision‑fabricated solutions across the region. Its CEO, Kevin Matkin, oversees a legacy of engineering that dates back to the 1930s. The acquisition aligns with Steele Solutions’ push to deepen its footprint in the custom enclosures sector, potentially unlocking synergies in supply chain and customer reach for growth in.

Littlejohn’s exit reflects a broader trend of private‑equity firms consolidating mature manufacturing assets into focused operating groups. By transferring ownership to Revelar‑backed Steele Solutions, the deal may accelerate technology integration and scale efficiencies. Investors watching the transaction should note the absence of a disclosed price, which leaves valuation upside or downside unclear at this stage.

The transaction underscores the resilience of North American manufacturing amid shifting supply‑chain dynamics. With Maysteel’s established facilities and skilled workforce, Steele Solutions positions itself to capture growing demand for high‑quality enclosures in automotive, aerospace, and industrial automation markets. The deal marks a strategic consolidation that could reshape competitive positioning across the sector for 2025 industry.