Race Rock, a nationwide manufacturer and supplier of critical infrastructure products and solutions for transportation, energy transmission/distribution, telecommunications, and other end markets, has acquired Texas Corrugators – Austin Division, LLC (Texas Corrugators). Texas Corrugators, based in Hutto, TX, supplements Race Rock’s existing Texas operations in Fort Worth and Houston, as well as its other manufacturing sites in Glastonbury, CT and Marion, OH.
Texas Corrugators, a trusted provider of guardrail, bridge rail, sign posts, corrugated pipe, and other highway and construction products, has a 36+ year history of providing a quality product with a focus on customer service.
Donald W. Young, Chairman and CEO of Race Rock, commented: “We couldn’t be more excited about the overall growth trends in Texas, and believe this acquisition positions us well to continue serving this growing market and its infrastructure needs for years to come.”
Ryan Cole, President of Texas Corrugators, added: “Becoming part of the Race Rock team made a lot of sense as the next step in the Texas Corrugators growth story. Combining our businesses now allows us to serve our customers from locations in each corner of the ‘Texas Triangle’ of Dallas/Ft. Worth, Houston, and Austin/San Antonio, and also expands our product offerings as a full-service provider of solutions for installers of highway products.”
Christine Klote, VP of Highway Safety Distribution at Race Rock, commented: “We’ve known of Texas Corrugators fantastic reputation in the market for many years, and are thrilled to partner with a team that shares our passion for providing customers a quality product at a great price as we continue to be a trusted supplier to the builders of our nation’s infrastructure.”
Race Rock funded the transaction with debt financing provided by a syndicate led by JP Morgan. Locke Lord LLP acted as legal counsel to Race Rock. Anderson LeNeave served as the seller’s advisor on the transaction. Husch Blackwell served as the seller’s legal counsel.
Source link: https://www.businesswire.com/
