Altus has made this investment to support Rocla's continued U.S. production of concrete ties for freight, transit and high-speed rail requirements, as well as its expansion into select foreign markets.
Rocla Concrete Tie, Inc., is headquartered in Denver, Colo., and has manufacturing plants in Pueblo, Colo., Amarillo, Texas and Bear, Del. Rocla, which was founded in 1986, manufactures pre-stressed concrete railroad ties and turnout ties for Class I railroads, commuter passenger operations, transit authorities and industrial operations.
Peter Urquhart, Rocla's chief executive officer, said, "We are extremely excited about the opportunity of working with Altus Capital Partners to accelerate growth and create additional value through expansion both in the United States and internationally. Combining our history, assets and people with the investment and energy of Altus Capital Partners gives all of us at Rocla a great feeling of optimism for our future."