Founders advises DAMAC Products, LLC in Sale to Maysteel Industries, LLC

BIRMINGHAM, Ala. – Founders Advisors, LLC (“Founders”) is pleased to announce that its principals served as the exclusive financial advisor to DAMAC Products, LLC (“DAMAC”), a portfolio company of Chicago based Prairie Capital, in its acquisition by Maysteel Industries, LLC (“Maysteel”), a portfolio company of Littlejohn Capital, LLC.  The transaction closed on December 15, 2017, and was led by Gene Bazemore and Zane Tarence of Founders.

DAMAC is based in La Mirada, CA and was founded in 1983.  The Company’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 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 healthcare, education, and government.  DAMAC will retain its name and maintain its operations in La Mirada.

Maysteel Industries, LLC, is a leading designer and manufacturer of custom, precision, OEM sheet metal enclosures, electrical cabinets and metal fabricated assemblies with headquarters in Allenton, WI and an additional manufacturing location in Monterrey, Mexico.

Steve Morrey, CEO of DAMAC, noted, “We enjoyed working with the Founders’ team on this sale process and found their transaction expertise and industry knowledge essential in helping us identify the right partner to continue capitalizing on the growth opportunities ahead for DAMAC.  We are excited to join the Maysteel platform, and found their focus on delivering exceptional tailored products and services to their customers directly aligned with our own business model.  Founders did an outstanding job negotiating the deal, leading us throughout the process and getting the transaction closed.”

Gene Bazemore, Managing Director at Founders, said, “It has been a pleasure working with the DAMAC management team and Prairie Capital on this transaction.  They applied the same focus on finding the best fit acquirer for DAMAC as they do every day toward meeting the exacting requirements of their blue-chip customer base.  We are excited to watch the continued success of both DAMAC and Maysteel as a combined platform.” 


About Founders Advisors

Founders Advisors (Founders) is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders’ focus is on energy, SaaS/software, value-added distribution, industrial technology, internet, healthcare, and digital media companies located nationwide, as well as companies based in the Southeast across a variety of industries. Founders’ skilled professionals, proven expertise and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders are licensed with M & A Securities Group, Inc. or Founders M&A Advisory, LLC, both members of member FINRA & SiPC. M&A Securities Group and Founders are unaffiliated entities. Founders M&A Advisory is a wholly-owned subsidiary of Founders. For more information, please visit


About Prairie Capital

Prairie Capital focuses exclusively on being the first private equity investor in growth oriented, U.S. based companies with EBITDA of $4 to $12 million. Prairie partners with entrepreneurs and talented management teams to build market-leading companies in growing industries. Since its inception in 1997, Prairie Capital has invested in 88 platform companies.  For more information, please visit