Wellspring Capital Management Acquires Steele Solutions, Inc.

Steele Solutions Acquires Maysteel Industries from Littlejohn Capital (Revelar-backed)

April 8, 2026

Industrial Services

Littlejohn Capital has completed the sale of Maysteel Industries, a Wisconsin-based provider of custom metal enclosures and precision fabricated solutions, to Steele Solutions, a portfolio company of Revelar Capital. The acquisition expands Steele Solutions’ engineered-products capabilities and deepens its position in fast-growing data center and electrical infrastructure end markets.

Wellspring Capital Management Acquires Summit Spine & Joint Centers

April 3, 2025

Healthcare Services

Wellspring Capital Management completed the acquisition of Summit Spine & Joint Centers, partnering with Summit management and existing sponsor MSouth Equity Partners. Summit, headquartered in Lawrenceville, Georgia, operates 17 ambulatory surgery centers and 44 clinics across the Southeast; Wellspring aims to accelerate geographic expansion and growth of minimally invasive spine and musculoskeletal services.

Steele Solutions Inc. Acquires Tiffin Metal Products (Merger)

March 21, 2022

Manufacturing

Steele Solutions, Inc. and Tiffin Metal Products have merged to create a combined supply-chain solutions company offering a broader product portfolio for e-commerce fulfillment and distribution facilities. The deal brings together Steele's complex work platform solutions with Tiffin's custom chute systems and lockers, while both companies will continue operating in their existing facilities and leadership (TMP's president will remain).

Wellspring Capital Management Acquires Pentec Health

October 11, 2021

Healthcare Services

Wellspring Capital Management acquired Pentec Health, a national leader in patient-specific sterile compounding and home infusion services, from existing investors including Norwest Equity Partners and DW Healthcare Partners. The investment provides Pentec with capital and strategic support to accelerate organic growth and pursue add-on M&A; financing for the deal was provided by Twinbrook Capital Partners and advisors included Houlihan Lokey and Morgan Lewis.

Diligent Corporation Acquires Steele Compliance Solutions

February 25, 2021

Cloud & SaaS

Diligent Corporation has signed an agreement to acquire Steele Compliance Solutions, a global leader in ethics and compliance SaaS, to extend Diligent's modern governance platform with Steele’s ethics and compliance capabilities. Financial terms were not disclosed; the deal was announced February 25, 2021 and was expected to close in early March.

MFG Partners and Merit Capital Partners Acquire Storage Solutions, Inc.

December 3, 2020

Industrial Services

MFG Partners, in partnership with Merit Capital Partners and Storage Solutions' management team, has completed an acquisition of Storage Solutions, Inc., a Westfield, Indiana-based material handling and industrial storage systems integrator. The transaction transitions the company from an ESOP structure and positions Storage Solutions to expand its service lines and capitalize on growth in e-commerce and warehouse demand.