Damotech Partners with Vance Street Capital for Long-Term Growth

MONTREAL, QUEBEC, November 14, 2025—Damotech is pleased to share important news about the next chapter in our company’s growth and strategic evolution. See below for excerpts from Vance Street Capital’s and Mountaingate Capital’s official press releases.

Vance Street Capital Partners with Damotech

Vance Street Capital (“Vance Street”), a Los Angeles-based private equity firm, announced it has partnered with Damotech (or the “Company”), the leading warehouse rack safety provider with a focus on aftermarket solutions, to support the Company’s continued growth. As part of the transaction, Mountaingate Capital (“Mountaingate”) and Damotech management reinvested significantly alongside Vance Street. The acquisition represents Vance Street’s sixth investment out of Vance Street Capital IV and 14th investment in the industrial technology safety ecosystem.

Led by CEO Eric Naaman, Damotech is the leading provider of aftermarket rack safety solutions in North America, offering a comprehensive suite of engineering services, built-to-spec repair and protection products, and proprietary software to meet clients’ safety needs. Underpinned by an increased focus on safety across warehouses in different end markets and the attractive value proposition of Damotech’s solutions, over the last 15 years, the Company has consistently grown at a double-digit annual growth rate.

Eric Naaman and his senior management team will continue to lead Damotech and will retain a material ownership position in the business. “Vance Street’s track record of management-friendly growth investing paired with their experience scaling safety-oriented businesses created an ideal partnership,” commented Eric Naaman. “This partnership will enable us to double down on our exciting growth initiatives while continuing to retain our strong culture and core values.”

View Vance Street Capital’s full release here.

Mountaingate Capital Sells Majority Interest in Damotech

Mountaingate Capital (“Mountaingate”), a Denver-based private equity firm focused on partnering with founders and entrepreneurs to execute transformative growth strategies in the lower middle-market, today announced the sale of Damotech, the leading warehouse rack safety expert, to Vance Street Capital (“Vance Street”). As part of the transaction, both Mountaingate and management will reinvest significantly alongside Vance Street.

Led by CEO Eric Naaman since 2010, Damotech is the leading provider of aftermarket rack safety solutions in North America, offering a comprehensive suite of engineering services, built-to-spec repair and protection products, and proprietary software to meet clients’ safety needs.
Mountaingate first invested in Damotech in 2023 after a multi-year relationship with the executive team. Over the past two years, Damotech has experienced transformative growth driven by heavy investments in production automation, more than doubling the employee base, and the integration of two highly strategic add-on acquisitions. These initiatives led to Damotech delivering EBITDA growth of over 4x during that time period.

View Mountaingate Capital’s full release here.

About Damotech

Damotech is a rack safety specialist, providing engineering services and rack safety repair & protection products. As the largest provider of rack safety solutions in North America, Damotech comprehensively solves warehouse rack safety challenges through inspections delivered by the industry’s most knowledgeable engineers and the highest quality rack repair & protection products available in the marketplace. Damotech strives to provide a permanent solution to recurring rack damage while helping clients create safer work environments for their employees.

About Vance Street Capital LLC

Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the industrial technology, medical, life science, aerospace, and defense sectors. Vance Street works with management teams and family owners to accelerate revenue growth, improve operations, and acquire strategic assets for the companies in their investment portfolio.

About Mountaingate Capital

Mountaingate Capital is a Colorado-based private equity firm that specializes in partnering with founders and entrepreneurial companies to accelerate growth and build industry leaders. Mountaingate’s focus on organic growth, coupled with its customer-centric buy-and-build approach for add-on acquisitions, and shared equity ownership with management, creates more value for the end customer, while forging stronger, more collaborative, and more successful investment partnerships with management teams. With over $1.4 billion of assets under management, Mountaingate targets investments in marketing services, business services, specialty manufacturing, and distribution.

*Photo Courtesy: Hugo-Sébastien Aubert, La Presse Archives