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  6. Palm Peak Capital and Stellus Capital Management Acquire Domaille Engineering

M&A Deal Summary

Palm Peak Capital and Stellus Capital Management Acquire Domaille Engineering

On October 1, 2025, private equity firms Palm Peak Capital and Stellus Capital Management acquired manufacturer Domaille Engineering from ADDMAN Engineering

Acquisition Highlights
  • This is Palm Peak Capital’s 2nd and Stellus Capital Management’s 4th transaction in the Manufacturing sector.
  • This is Palm Peak Capital’s 2nd and Stellus Capital Management’s 83rd transaction in the United States.
  • This is Palm Peak Capital’s 1st and Stellus Capital Management’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2025-10-01
Target Domaille Engineering
Sector Manufacturing
Buyer(s) Palm Peak Capital
Stellus Capital Management
Sellers(s) ADDMAN Engineering
Deal Type Divestiture
Advisor(s) Lincoln International (Financial)

Target

Domaille Engineering

Rochester, Minnesota, United States
Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the fiber-optic cable market. The company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota.

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Buyer(S) 2

Buyer

Palm Peak Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2024
Size Small
Type Sector Agnostic
DESCRIPTION

Palm Peak?Capital is a private equity firm with a dedicated focus on majority investments in North American lower middle?market industrial manufacturing and business services companies. The Firm looks to partner with founder- and family-owned businesses as well as carve-outs, targeting businesses with at least $25?million in revenue and valued up to $250 million. Palm Peak Capital was formed in 2024 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Pacific Shoring

Santa Rosa, California, United States

Pacific Shoring is a manufacturer of underground and trench shoring assemblies and safety equipment. Pacific Shoring is dedicated to producing quality shoring and shield products, rigorously tested to the highest standards. Pacific Shoring’s in-house design team, with vast experience in the underground shoring industry and produces the ideal custom assembly solutions for customers. Pacific Shoring was founded in 2005 and is based in Santa Rosa, California.

Buy -
Buyer

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.

DEAL STATS #
Overall 86 of 86
Sector: Manufacturing M&A 4 of 4
Type: Divestiture M&A Deals 4 of 4
State: Minnesota M&A 1 of 1
Country: United States M&A 83 of 83
Year: 2025 M&A 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-15 DMD Systems Recovery

Tempe, Arizona, United States

DMD Systems Recovery is an end-to-end IT asset disposition (ITAD) solutions provider serving enterprises worldwide. The company follows a Reuse First™ approach and holds industry certifications to ensure compliance, sustainability, and maximum customer ROI. DMD Systems Recovery was formed in 1996 and is headquartered in Tempe, Arizona.

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Seller(S) 1

SELLER

ADDMAN Engineering

Fort Myers, Florida, United States
Category Company
Founded 2020
Sector Engineering
Employees278
Revenue 60M USD (2021)
DESCRIPTION

ADDMAN Engineering is an AM solution provider. Combining the expertise and knowledge of our 20+ mid-size manufacturing companies, we use Additive Manufacturing and advanced technologies to enable customers to have breakthroughs in product development and manufacturing. ADDMAN Engineering was founded in 2020 and is based in Fort Myers, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Dinsmore

Irvine, California, United States

Dinsmore is a provider of polymer 3D printing services, to its manufacturing solutions network. Dinsmore operates over 35 additive machines using leading technologies such as MJF, PolyJet, DLS, DLP, SLA, FFF and FDM. Dinsmore was founded in 2002 and is based in Irvine, California.

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