NEW YORK–(BUSINESS WIRE)–D.A. Davidson & Co. (“D.A. Davidson”) announced today that it served as exclusive financial advisor to Palm Peak Capital, LLC (“Palm Peak”), in its acquisition of Domaille Engineering (“Domaille” or the “Company”), and in raising senior secured debt financing and equity co-investment from Stellus Capital Management, LLC (“Stellus”) 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,” commented Jeremy Stone, Managing Partner at Palm Peak. “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.”
Founded in 1990 and headquartered in Rochester, Minnesota, Domaille was previously a division of ADDMAN Engineering. The Company produces innovative equipment and tools used to manufacture advanced high bandwidth fiber optic cables. The Company’s diverse customer base includes leading cable assembly houses and commercial clients serving data centers, telecommunications providers, and other enterprise end markets. Domaille is led by an experienced leadership team with deep technical expertise and extensive industry experience.
“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,” commented Dante Pavone, Vice President at Palm Peak. “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.”
“Palm Peak has acquired the market leader and industry gold standard for fiber optic cable manufacturing equipment,” commented Brad Gevurtz, Managing Director in the Technology Investment Banking Group at D.A. Davidson. “This transaction marks a significant step in building Palm Peak’s footprint in the booming fiber optic/digital infrastructure market.”
“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,” commented Yaron Redlich, Head of the Financial Sponsors Group at D.A. Davidson.
“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,” stated Amy Johnson, Managing Director, Head of Debt Advisory at D.A. Davidson. “This transaction demonstrates our Debt Advisory team’s capability set in arranging acquisition financing solutions for financial sponsors.”
About Palm Peak Capital
Palm Peak Capital, LLC is a private equity firm that invests in lower-middle market industrial and services companies across North America. Palm Peak targets control buyouts of fundamentally sound businesses with tangible opportunities for operational improvement and growth. The Firm provides integrated and comprehensive resources to company management teams seeking to achieve their “Peak Performance.” For more information, please visit www.palmpeakcapital.com.
Palm Peak Capital was established in 2024 by Steven Liff, Daniel Florian, and Jeremy Stone (together, the “Managing Partners” or “Co-Founders”), who bring over 17 years of experience working together in acquiring and enhancing companies within Palm Peak’s focus in the industrial and services sectors. The Co-Founders have direct experience with similar sized specialty manufacturers operating in niche markets, where they oversaw significant operational improvements that led to increased market share and revenue growth.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Greater Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.
D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.
Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.
Contacts
Deal Team Contacts
Brad Gevurtz, Managing Director, Technology Investment Banking | Portland | [email protected]
Amy Johnson, Managing Director, Head of Debt Advisory | New York City | [email protected]
Yaron Redlich, Managing Director, Head of Financial Sponsors Group | Boca Raton | [email protected]
Media Contact
Emily Roy
Prosek for D.A. Davidson
(646) 818-9232
[email protected]
