Race Rock Announces Acquisition of Texas Corrugators
29 March 2024 - 1:36AM
Business Wire
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.
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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.
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Logan Wells lwells@racerock.com