LongueVue Capital has invested in Daedalus Industrial, a provider of building management and control systems.
Daedalus Industrial is a provider of engineering, automation, and electrical contracting services tailored to data centers, manufacturing facilities, and industrial operations. The company’s service capabilities include building management systems, control panel design and fabrication, industrial robotics integration, and automation for power and cooling infrastructure.
Daedalus operates nationwide, completing hundreds of projects each year for its enterprise and industrial customers. The company was founded in 2018 by CEO Austin Jones and President Buff Williams and operates a 65,000 sq. ft. facility located southwest of Charlotte in Easley, South Carolina, with an additional office in Bradenton, Florida.
“We are thrilled to partner with Austin Jones, Buff Williams, and the exceptional Daedalus team,” said Max Vorhoff, a partner at LongueVue. “In record time, Daedalus has distinguished itself as the trusted solutions provider in high-stakes sectors experiencing explosive growth, particularly within cutting-edge AI data center infrastructure. We look forward to supporting the team as they broaden their capabilities and service portfolio.”
LongueVue’s buy of Daedalus was backed by Abacus Finance which was the Senior Secured Credit Facilities Administrative Agent and Sole Lender to the transaction. Abacus also made an equity co-investment in Daedalus in partnership with LongueVue.
“Daedalus represents our eleventh successful collaboration with Abacus,” added Mr. Vorhoff. “Their consistent performance as lending partners, coupled with their strong knowledge of the data center industry, continues to deliver exceptional value. Once again, they executed seamlessly – a hallmark of their approach.”
“We were more than happy to support another innovative, high caliber transaction brought to us by the LongueVue team,” said Tim Clifford, the CEO of Abacus. “As in past transactions with them, our success was a function of our speed, structural flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach.”
Abacus Finance is an asset management firm specializing in private credit solutions to the lower middle market. Since the firm’s founding in 2011, it has closed over $3.5 billion in financings. Abacus targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million.
In December 2024, Abacus received a Small Business Investment Company (SBIC) license and closed its inaugural SBIC fund, Abacus Finance SBIC Fund I LP. Abacus is headquartered in New York City and maintains a second office in Portsmouth, New Hampshire. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.
“Since inception in 2001, LVC has been making investments in mission critical industrial infrastructure companies,” said John McNamara, CEO and co-founder at LongueVue Capital. “Daedalus is a fine example of this, serving rapidly growing digital ecosystem buildouts in data center infrastructure and industrial automation.”
LongueVue makes equity and debt investments of $10 million to $50 million in United States-headquartered companies that have over $3 million of EBITDA and up to $150 million of annual revenue. The firm is typically the first institutional investor in its founder-owned target companies. Sectors of interest include healthcare, transportation and logistics, specialty manufacturing, industrial services, consumer, food and beverage, and specialty packaging.
“LongueVue is always a strong partner and great to work with,” added Eric Petersen, a managing director at Abacus. Working on the transaction with Mr. Petersen was Senior Associate Greg Scanlon.
LongueVue’s Daedalus transaction team was led by Partner Charles Cox, Senior Associate Baker Saslow, and Associate Gage Laswell.
In October 2022, LongueVue held an oversubscribed and hard cap final closing of LongueVue Capital Partners IV LP with $360 million of capital. LongueVue was founded in 2001 and is based in New Orleans with an additional office in Park City, Utah.
EA Advisors was the financial advisor to LongueVue on this transaction.
© 2025 Private Equity Professional | April 16, 2025
