Houston-Texas based manufacturer of critical infrastructure products and solutions for transportation, energy transmission & distribution, telecommunications, and other end markets Race Rock Infrastructure has acquired Highway Safety, formerly known as Highway Safety Corporation and Ohio Galvanizing, formerly known as Ohio Galvanizing Corporation. Highway Safety and Ohio Galvanizing join Fort Worth Texas based Structural and Steel Products, a leading manufacturer and distributor of engineered poles, sign structures, and highway safety products, in Race Rock’s portfolio of businesses.Highway Safety, a premier provider of guardrail, bridge rail, and solar panel support structures, was founded in 1978 by Mr W Patric Gregory III in Glastonbury in Connecticut. In 1994, Mr. Gregory expanded operations to Marion in Ohio 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 Highway Safety and Ohio Galvanizing and join the Board of Directors of Race Rock.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 acted as the legal advisor to Race Rock. Sperry Mitchell & Company served as the seller’s advisor on the transaction.
Houston-Texas based manufacturer of critical infrastructure products and solutions for transportation, energy transmission & distribution, telecommunications, and other end markets Race Rock Infrastructure has acquired Highway Safety, formerly known as Highway Safety Corporation and Ohio Galvanizing, formerly known as Ohio Galvanizing Corporation. Highway Safety and Ohio Galvanizing join Fort Worth Texas based Structural and Steel Products, a leading manufacturer and distributor of engineered poles, sign structures, and highway safety products, in Race Rock’s portfolio of businesses.Highway Safety, a premier provider of guardrail, bridge rail, and solar panel support structures, was founded in 1978 by Mr W Patric Gregory III in Glastonbury in Connecticut. In 1994, Mr. Gregory expanded operations to Marion in Ohio 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 Highway Safety and Ohio Galvanizing and join the Board of Directors of Race Rock.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 acted as the legal advisor to Race Rock. Sperry Mitchell & Company served as the seller’s advisor on the transaction.
