Affiliates of Stellus Capital Management provided senior debt financing and an equity co-investment in support of Palm Peak Capital’s acquisition of Domaille Engineering, a provider of equipment and related accessories used to manufacture pre-terminated fiber optic cables.
“With significant intellectual property and technical manufacturing expertise, Domaille Engineering is a clear leader in fiber optic manufacturing solutions, serving customers in some of the fastest-growing areas of the digital economy,” Dante Pavone, vice president at Palm Peak, said.
Jeremy Stone, managing partner, added, “We appreciate the support of the Stellus team in helping us accelerate Domaille’s product innovation and growth.”
Adam Pollock, managing director at Stellus, concluded, “We are grateful for the opportunity to partner with Palm Peak on another transaction. Further, we are excited to partner with a Domaille team that has led the way in fiber optic equipment innovation and is well-positioned for their next phase of growth amidst some favorable demand drivers.”
