On January 9, 2024, Damotech, a leading rack safety specialist based in Canada, completed a strategic combination with Mac Rak, enhancing its position as North America's top rack safety provider. This combination was facilitated by a strategic investment from Denver-based private equity firm Mountaingate Capital, which aims to support Damotech’s future growth and additional acquisitions.

Led by Eric Naaman since 2010, Damotech has experienced continuous growth over the past 13 years, establishing a stellar reputation in rack safety solutions. The company now has approximately 200 employees across the United States and Canada. The partnership with Mountaingate Capital, known for its extensive experience in scaling businesses, is expected to propel Damotech’s expansion and innovation in the warehouse safety sector.

Bennett Thompson, Managing Director of Mountaingate, expressed enthusiasm for the collaboration, praising Damotech’s innovation, diverse client roster, and employee engagement culture. Eric Naaman highlighted the alignment with Mountaingate’s values and their role in aggressively scaling the business to enhance client value.

Hogan Lovells and Davies Ward Phillips & Vineberg served as legal advisors to Mountaingate in this transaction. BCF acted on behalf of Damotech and its shareholders.