ERP Provider Steelhead Technologies Receives $84M Capital Investment
December 18, 2025Comments
ERP software provider Steelhead Technologies, Calumet, MI, an all-in-one ERP software purpose-built for manufacturing job shops, has announced an $84 million investment from Mainsail Partners, a growth equity firm that specializes in partnering with vertical SaaS businesses. The funding will be used to expand the platform’s capabilities and Steelhead’s suite of AI-driven tools designed to help job shops maximize their efficiency and profitability.
Steelhead’s cloud-based platform digitizes the shop floor, streamlining quoting, scheduling, inventory, production tracking, quality and accounting into a single system. Customers include Minnesota’s D&K Powder Coating, which reportedly tripled in revenue and size over 4 yr. since digitizing production with Steelhead; and Houston’s Precision Spray and Coatings, which cut its average production cycle time from 35 days to seven.
“Many U.S. manufacturers have been in business for generations but still run the same way they did decades ago,” says Jason Frankel, partner at Mainsail Partners. “They've upgraded their equipment and materials but often do not have the digital infrastructure necessary to tie it all together in an efficient and profitable way. It’s not an uncommon scenario across skilled trades and why we believe in the impact that vertical software like Steelhead can have on its customers.”
See also: Steelhead Technologies
Technologies: Management
