Terms of the acquisition were not disclosed. Maysteel was founded in 1936 and produces a range of steel cabinets and enclosures such as cases for self-service kiosks, high-security electrical boxes and alternative energy vehicle chargers.
“Maysteel has been a market leader for nearly eight decades in providing full service sheet metal manufacturing solutions,” said Jeff Gray, managing director of Revolution Capital Group. “This acquisition fits with Revolution's plan to expand its portfolio of high-quality manufacturing companies, and we are impressed with Maysteel's products, people and commitment to the community.“
Based in Los Angeles, but with executives in Tampa and other cities, Revolution Capital Group has acquired a string of companies, including the Pennsylvania-based high-end textile maker Lawrence Schiff Silk Mills, the California-based financial services software firm CAP XG, and the California-based medical apparel maker Dove Professional Apparel.
Revolution Capital Group has been especially active in the wider Tampa Bay region, and acquired The Tampa Tribune in October 2012, and followed up the deal by launching the St. Petersburg Tribune in January 2013 and acquiring the Clearwater Gazette in April 2013.