Race Rock

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Race Rock Expands Manufacturing Capabilities & Capacity with New State-of-the-Art Facility in Crowley, Texas

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Race Rock Expands Manufacturing Capabilities & Capacity with New State-of-the-Art Facility in Crowley, Texas

October 22, 2024 11:30 AM Eastern Daylight Time

CROWLEY, Texas–(BUSINESS WIRE)–Race Rock is proud to announce the expansion of its manufacturing capacity with the start-up of a new facility in Crowley, Texas. This strategic growth initiative marks a significant milestone for the company as it continues to advance its engineered structures business and enhance service to both TxDOT and Utility customers.

“It represents a major step forward in our ability to serve our customers efficiently while reinforcing our position as an industry leader.” Post this

“This facility, consisting of two manufacturing buildings equipped with state-of-the-art technology, including our advanced angle line and thermal cutter, significantly increases our production capacity,” said Brian Desigio, President of Race Rock. “It represents a major step forward in our ability to serve our customers efficiently while reinforcing our position as an industry leader.”

The expansion not only enhances Race Rock’s manufacturing capabilities but also contributes to the economic growth of the region. By adding new jobs and investing in its operations, the company is demonstrating a commitment to innovation, growth, and excellence in service delivery.

“We’re excited about this expansion because it allows us to continue providing superior service to our customers while supporting the overall Texas infrastructure buildout,” said Donald Young, CEO of Race Rock. “As the state grows, its transportation, utility, and telecommunications infrastructure needs to grow with it, and Race Rock is proud to play a critical role in meeting those demands.”

With this investment, Race Rock strengthens its ability to support Texas and the country’s evolving infrastructure landscape, ensuring reliability and excellence for years to come.

Source: https://www.businesswire.com/news/home/20241022264739/en/Race-Rock-Announces-Key-Leadership-Appointments-and-Promotions-to-Drive-Growth-and-Excellence

Race Rock Announces Key Leadership Appointments and Promotions to Drive Growth and Excellence

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October 22, 2024 11:30 AM Eastern Daylight Time

MARION, Ohio & GLASTONBURY, Conn.–(BUSINESS WIRE)–Race Rock is pleased to announce a series of key leadership appointments and promotions aimed at strengthening our commitment to operational excellence, growth, and strategic expansion across our diverse businesses.

“Paul and Scott have each demonstrated exceptional leadership and dedication. I am confident that their guidance will lead us to even greater success as we continue to grow and innovate in our industries.”

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Paul Radice Appointed Vice President & General Manager of Highway Safety Corp. and Ohio Galvanizing

Effective immediately, Paul Radice has been promoted to Vice President & General Manager for the legacy Highway Safety Corp. and Ohio Galvanizing businesses. In this role, Paul will oversee the continued growth and development of Highway Safety, Solar, and specialty manufacturing operations. Additionally, he will be responsible for ensuring the high standards of quality and service in our third-party galvanizing services that our partners expect. His leadership will be critical in maintaining our position as a trusted partner across multiple sectors.

Scott Beisner Named Vice President & General Manager of Ohio Operations

Also effective immediately, Scott Beisner has been appointed Vice President & General Manager of our Ohio manufacturing and galvanizing operations. Scott will report directly to Paul Radice and assume full responsibility for the Marion facility. In this capacity, he will drive continuous improvement efforts in safety, efficiency, and profitability, aligning with our broader strategy for growth and expansion.

Looking Ahead

“We are excited to announce these key leadership appointments, which reflect our ongoing commitment to growth, innovation, and operational excellence across our organization,” said Donald Young, CEO of Race Rock. “Paul and Scott have each demonstrated exceptional leadership and dedication. I am confident that their guidance will lead us to even greater success as we continue to grow and innovate in our industries.”

Please join us in congratulating Paul Radice and Scott Beisner on their well-deserved promotions. We look forward to their continued success as they lead us into an exciting future of growth and innovation.

Source: https://www.businesswire.com/news/home/20241022264739/en/Race-Rock-Announces-Key-Leadership-Appointments-and-Promotions-to-Drive-Growth-and-Excellence

Race Rock Announces Acquisition of Texas Corrugators

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March 28, 2024 10:36 AM Eastern Daylight Time

HOUSTON–(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.

“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.”

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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.

Source: https://www.businesswire.com/news/home/20240328963758/en/Race-Rock-Announces-Acquisition-of-Texas-Corrugators

Race Rock Aims to Create a Powerhouse of Resources, Expertise, and Innovation in the Infrastructure Sector

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March 26, 2024 06:21 PM Eastern Daylight Time

Race Rock, a leading provider of nationwide infrastructure solutions, proudly announces the integration of Structural & Steel Products, Highway Safety, Ohio Galvanizing, Connecticut Galvanizing and Texas Corrugators companies into its fold. This strategic move signifies Race Rock’s commitment to providing a more comprehensive solution to its customers while leveraging the expertise of its talented team to prepare our nation’s infrastructure for the future state of transportation, energy, and telecommunications.

The consolidation of Structural & Steel Products, Highway Safety, Ohio Galvanizing, Connecticut Galvanizing, and Texas Corrugators under the Race Rock umbrella represents a significant milestone in the company’s growth strategy. By bringing together these industry-leading entities, Race Rock aims to create a powerhouse of resources, expertise, and innovation in the infrastructure sector. From incentives to renew our nation’s outdated infrastructure, to connecting new rural sources of power like wind and solar to the grid, and even a full revamp of roadway systems to be in constant communication with autonomous, 5G-enabled vehicles – Race Rock is pushing for a resurgence in American manufacturing.

“Our vision behind operating these companies together is to strengthen Race Rock’s position as a leader in the industries in which we specialize – Highway Safety, Transportation & Lighting, Utility, Galvanizing, Solar, and Telecom,” said Donald Young, Chairman and CEO of Race Rock. “By integrating Structural & Steel Products, Highway Safety, Ohio Galvanizing, and Connecticut Galvanizing, we are combining local knowledge with expanded reach, enabling us to better serve our customers and meet their evolving needs.”

This combination will enable Race Rock to offer a more comprehensive solution portfolio, encompassing a wider range of products and services. Additionally, the integration of these companies will facilitate collaboration and knowledge sharing, fostering innovation and driving continuous improvement across the organization.

“We are excited about the opportunities that this integration provides,” said Brian Desigio, President at Race Rock. “By harnessing the collective expertise of our team members and capitalizing on synergies between the acquired companies, we are poised to deliver unparalleled value to our customers.”

Race Rock remains committed to maintaining the high standards of quality, reliability, and customer service that have been the hallmark of Structural & Steel Products, Highway Safety, Ohio Galvanizing, Connecticut Galvanizing, and Texas Corrugators. Customers can expect a seamless transition and continued support as Race Rock works to enhance its offerings and expand its reach.

Source: https://www.businesswire.com/news/home/20240326525347/en/Race-Rock-Aims-to-Create-a-Powerhouse-of-Resources-Expertise-and-Innovation-in-the-Infrastructure-Sector

Race Rock’s Expansion: Secures Highway Safety and Ohio Galvanizing

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Houston, Texas – February 28, 2024

Race Rock, a leading provider of nationwide infrastructure solutions, proudly announces the integration of Structural & Steel Products, Highway Safety, Ohio Galvanizing, and Connecticut Galvanizing companies into its fold. This strategic move signifies Race Rock’s commitment to providing a more comprehensive solution to its customers while leveraging the expertise of its talented team to prepare our nation’s infrastructure for the future state of transportation, energy, and telecommunications.

The consolidation of Structural & Steel Products, Highway Safety, Ohio Galvanizing, and Connecticut Galvanizing under the Race Rock umbrella represents a significant milestone in the company’s growth strategy. By bringing together these industry-leading entities, Race Rock aims to create a powerhouse of resources, expertise, and innovation in the infrastructure sector. From incentives to renew our nation’s outdated infrastructure, to connecting new rural sources of power like wind and solar to the grid, and even a full revamp of roadway systems to be in constant communication with autonomous, 5G-enabled vehicles – Race Rock is pushing for a resurgence in American manufacturing.

“Our vision behind operating these companies together is to strengthen Race Rock’s position as a leader in the industries in which we specialize – Highway Safety, Transportation & Lighting, Utility, Galvanizing, Solar, and Telecom,” said Donald Young, Chairman and CEO of Race Rock. “By integrating Structural & Steel Products, Highway Safety, Ohio Galvanizing, and Connecticut Galvanizing, we are combining local knowledge with expanded reach, enabling us to better serve our customers and meet their evolving needs.”

This combination will enable Race Rock to offer a more comprehensive solution portfolio, encompassing a wider range of products and services. Additionally, the integration of these companies will facilitate collaboration and knowledge sharing, fostering innovation and driving continuous improvement across the organization.

“We are excited about the opportunities that this integration provides,” said Brian Desigio, President at Race Rock. “By harnessing the collective expertise of our team members and capitalizing on synergies between the acquired companies, we are poised to deliver unparalleled value to our customers.”

Race Rock remains committed to maintaining the high standards of quality, reliability, and customer service that have been the hallmark of Structural & Steel Products, Highway Safety, Ohio Galvanizing, and Connecticut Galvanizing. Customers can expect a seamless transition and continued support as Race Rock works to enhance its offerings and expand its reach.

For more information about Race Rock and its comprehensive solution portfolio, visit racerock.com.

Race Rock Infrastructure acquires Highway Safety, Ohio Galvanizing

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January 12, 2023

Race Rock Infrastructure, a Houston-based manufacturer of infrastructure products for transportation, energy transmission/distribution, and telecommunications, has acquired Highway Safety Corp. and Ohio Galvanizing Corp.

Highway Safety is a provider of guardrail, bridge rail, and solar panel support structures. Ohio Galvanizing, an expansion of Highway Safety, offers metal fabrication and galvanizing services.

Following the acquisition, the companies’ founder W. Patric Gregory III will remain as president of both companies and will join Race Rock’s board of directors.

Source: https://www.thefabricator.com/thefabricator/news/shopmanagement/race-rock-infrastructure-acquires-highway-safety-ohio-galvanizing

Race Rock Infrastructure Announces Acquisition of Highway Safety Corporation and Ohio Galvanizing Corporation

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January 11, 2023 01:43 PM Eastern Standard Time

HOUSTON–(BUSINESS WIRE)–Race Rock Infrastructure (Race Rock), a Houston, TX based manufacturer of critical infrastructure products and solutions for transportation, energy transmission/distribution, telecommunications, and other end markets, has acquired Highway Safety LLC (formerly known as Highway Safety Corporation) (HSC) and Ohio Galvanizing LLC (formerly known as Ohio Galvanizing Corporation) (OGC). HSC and OGC join Fort Worth, TX based Structural and Steel Products (SSP), a leading manufacturer and distributor of engineered poles, sign structures, and highway safety products, in Race Rock’s portfolio of businesses.

HSC, a premier provider of guardrail, bridge rail, and solar panel support structures, was founded in 1978 by W. Patric Gregory III in Glastonbury, CT. In 1994, Mr. Gregory expanded operations to Marion, OH, to better serve the company’s nationwide customer base with additional metal fabrication and galvanizing services with the creation of Ohio Galvanizing Corporation. Following the transaction, Mr. Gregory will remain as President of HSC and OGC and join the Board of Directors of Race Rock.

Donald W. Young, Chairman and CEO of Race Rock Infrastructure, commented, “We are thrilled to partner with Patric Gregory and the talented people at HSC and OGC and support them in their continued growth. HSC and OGC fit well with our broader infrastructure strategy and provide increased scope and scale to our existing lines of business to further support critical infrastructure buildout in the United States.”

W. Patric Gregory III, founder of HSC and OGC, added, “Getting to know the team at Race Rock and SSP over the last six months, it became clear to me that they are the ideal partner for the business I’ve spent the last 40 years building. Our shared values of providing a quality product in a timely manner with an emphasis on customer service and environmentally sustainable operations makes this a natural next step in HSC and OGC’s journey. I’m excited for the future of our combined businesses.”

Race Rock Infrastructure funded the transaction with a combination of debt and equity capital. Debt financing was provided by a syndicate led by Woodforest National Bank. Locke Lord LLP acted as the legal advisor to Race Rock. Sperry Mitchell & Company served as the seller’s advisor on the transaction.

Source: https://www.businesswire.com/news/home/20230111005204/en/Race-Rock-Infrastructure-Announces-Acquisition-of-Highway-Safety-Corporation-and-Ohio-Galvanizing-Corporation

Fort Worth-Based Structural & Steel Products Acquired by Houston Private Investment Firm

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BY LAUREN HAWKINS • DEC 10, 2020

Structural & Steel Products, whose innovative infrastructure projects include the Margaret Hunt Hill Bridge and the renovation of Texas A&M’s Kyle Field, will join Race Rock Group’s portfolio of companies.

Houston private investment firm Race Rock Group has acquired Structural & Steel Products, Inc. (SSP) for an undisclosed amount.

The Fort Worth-based organization is a portfolio company of Highland Capital Management in Dallas. Founded in 1969, SSP is a leading distributor and manufacturer of transportation, telecommunications, transmission, and utility infrastructure products.

While SSP may not be a household name to North Texans, its projects most certainly are. The Margaret Hunt Hill Bridge in Dallas, the renovation of Texas A&M University’s Kyle Field in College Station, and the Big Hoss Video Structure at the Texas Motor Speedway in Fort Worth are among its repertoire, just to name a few.

With many of SSP’s products being used for federal, DOT highway, and municipal projects, the company must maintain a high level of manufacturing. You may have even used an SSP product without knowing it, as the company also illuminates roads through its roadway lighting solutions.

Through this acquisition, SSP is expected to continue expanding its product and project portfolio.

“We see significant growth opportunities throughout the US transportation infrastructure market and look forward to finding ways to deploy SSP’s broad product portfolio to end markets throughout the country,” Donald Young, Managing Member of Race Rock, said in a statement.

Source: https://dallasinnovates.com/houston-private-investment-firm-acquires-fort-worth-based-structural-steel-products/

Race Rock Group Announces Agreement to Acquire Structural and Steel Products

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December 04, 2020 09:10 AM Eastern Standard Time

HOUSTON–(BUSINESS WIRE)–Race Rock Group (“Race Rock”), a Houston-based private investment firm, has entered into a definitive agreement to acquire Structural & Steel Products, Inc. (“SSP”), a portfolio company of Highland Capital Management (“Highland”).

Structural & Steel Products, based in Ft. Worth, Texas, is a leading distributor and manufacturer of transportation, telecommunications, transmission and utility infrastructure products. SSP was founded in 1969 and manufactures steel products out of its Ft. Worth, TX manufacturing facility. Their manufactured parts and products can be found throughout the United States, from light rail infrastructure to high mast lighting poles to overhead highway sign structures.

Donald Young, Managing Member of Race Rock, commented, “We are excited to be acquiring a best in class steel product manufacturer that aligns with Race Rock’s strategic vision and investment approach. We see significant growth opportunities throughout the US transportation infrastructure market and look forward to finding ways to deploy SSP’s broad product portfolio to end markets throughout the country.”

Matt Brace, CEO of SSP, added, “We are extremely pleased to join Race Rock Group, with its strong track record of growing and operating businesses in the general industrial and manufacturing space. We have enjoyed getting to know the Race Rock team and are excited to partner with them going forward.”

Race Rock funded the transaction with a combination of debt and equity capital. The debt financing has been provided by Woodforest National Bank, with the remainder of the purchase was funded by equity investment from Race Rock.

Locke Lord LLP acted as legal advisor to Race Rock.

About Race Rock Group

Race Rock Group (“Race Rock”) is a Houston based private investment firm focused on making control, growth-oriented investments in lower middle-market businesses throughout the US Gulf Coast and Middle America states. Race Rock looks to partner with best in class management & subject matter experts across various industries including specialty rental equipment, chemicals, industrial services, manufacturing & fabrication, food & beverage, financial services and real estate. Visit www.racerockgroup.com for more information.

About Structural & Steel Products, Inc.

Structural & Steel Products is a major distributor and manufacturer of highway, telecommunications, transmission/utility, and light rail infrastructure products. SSP offers a diverse product portfolio, from the high mast lighting on the Panama Canal, to the tubular steel columns that support the upper deck at Kyle Field in College Station, to the guardrail at the Formula 1 Circuit of the Americas, to the iconic stainless steel lighting poles in Houston’s Galleria. SSP is a TXDOT approved supplier for state construction and maintenance projects, but can also supply material for cities, counties, and private projects. Visit www.s-steel.com for more information.

About Highland Capital Management

Highland Capital Management is a multibillion-dollar global alternative investment platform. Founded in 1993, the firm was a pioneer in the leveraged loan market. It has since evolved, building on its credit expertise and value-based approach to expand into other asset classes and investment strategies. Today, Highland operates a diverse investment platform, serving both institutional and retail investors worldwide. In addition to high-yield credit, Highland’s investment capabilities include public equities, real estate, private equity and special situations, structured credit, and sector- and region-specific verticals built around specialized teams. The firm is based in Dallas, Texas and operates globally with offices in Asia and South America. For more information visit www.highlandcapital.com.

Source: https://www.businesswire.com/news/home/20201204005341/en/Race-Rock-Group-Announces-Agreement-to-Acquire-Structural-and-Steel-Products