Steele Solutions, Inc.
About Steele Solutions, Inc.
Company overview
Steele Solutions, Inc. is a manufacturing company founded in 1996 and is headquartered in South Milwaukee, Wisconsin. The company specializes in the design and fabrication of highly engineered steel work platforms, mezzanines, and complex steel infrastructure. In May 2020, the company was acquired by Wellspring Capital Management. In March 2022, Steele Solutions merged with Tiffin Metal Products, and in July 2023, the two entities officially united under the Steele Solutions name with a revitalized brand identity. Business/Product Breakdown: Steele Solutions, Inc. provides custom-engineered structural steel solutions primarily for the material handling, distribution, and fulfillment industries. Its core product offerings include mezzanine systems, elevated work platforms, equipment supports, and catwalks that enable warehouse automation and efficient space utilization. Following its integration with Tiffin Metal Products, the company's portfolio expanded to include custom chute systems used in parcel sortation and security locker solutions?such as smart evidence lockers?for the public safety and military sectors. The company serves a diverse client base ranging from large e-commerce retailers to government entities, providing a single-source solution that encompasses consultation, engineering design, and fabrication.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
Employee Figures
Key Executives
See All401K
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
© 2026 PrivCo Holding Inc. All rights reserved.
No AI Training or Automated Data Extraction.
Use of this page or any content or data made available by PrivCo for scraping, crawling, indexing, caching, extracting, copying, reproducing, storing, or for training or developing any artificial intelligence or machine learning system is strictly prohibited without prior written consent. All access to and use of this page and PrivCo's services are subject to the PrivCo Terms of Use: https://www.privco.com/terms-of-use. No license or right is granted by implication or otherwise.