D.A. Davidson served as exclusive financial advisor to Palm Peak Capital in its acquisition of Domaille Engineering and in raising senior secured debt financing and equity co-investment from Stellus Capital Management in support of the transaction.
“D.A. Davidson’s deep industry knowledge in communications technology and digital infrastructure, extensive relationships in the sector and transaction expertise, played a critical role in driving this outcome,” Jeremy Stone, managing partner at Palm Peak, said. “We appreciate the D.A. Davidson team’s support on our acquisition of Domaille and efforts in securing an attractive and flexible financing package, which enabled us to achieve an accelerated closing on the acquisition.”
Dante Pavone, vice president at Palm Peak, said, “The fiber optics industry is experiencing robust growth, underpinned by accelerating demand from data centers, telecom networks and the ever-increasing internet-of-things. Data center expansion — driven by generative AI, continued cloud migration and surging traffic — is expected to fuel double-digit annual growth in fiber demand through the end of the decade. In parallel, robust telecom investment is expected to continue through deployment of more fiber-based networks, large-scale fiber-to-the-home subsidies and rising global bandwidth needs as more products and services become digital.”
Brad Gevurtz, managing director in the technology investment banking group at D.A. Davidson, said, “Palm Peak has acquired the market leader and industry gold standard for fiber optic cable manufacturing equipment. This transaction marks a significant step in building Palm Peak’s footprint in the booming fiber optic/digital infrastructure market.”
Yaron Redlich, head of the financial sponsors group at D.A. Davidson, said, “We are pleased to have worked with Palm Peak on their acquisition of Domaille, and to arrange and place the acquisition financing to support the transaction.”
Amy Johnson, managing director, head of debt advisory at D.A. Davidson, said, “Our goal was to support Palm Peak in delivering speed and certainty to close to the seller, while also delivering a flexible and attractive capital solution that aligns with Palm Peak’s growth plans, and we are pleased with this outcome. This transaction demonstrates our Debt Advisory team’s capability set in arranging acquisition financing solutions for financial sponsors.”
