Brookside Capital Partners is pleased to announce its investment in Erie Strayer Company (“Erie Strayer” or “the Company”). Founded in 1912 and headquartered in Erie, PA, Erie Strayer, family-owned for four generations, is an industry leader in the design, engineering and manufacturing of concrete batch plants. From custom ready-mix plants to highly mobile paving plants, Erie Strayer’s rugged quality and timely after-sales support help ensure a seamless lifecycle experience for customers.
Brookside Capital Partners provided capital to support a strategic investment in Erie Strayer by an investor group led by CQL Capital, a Manhattan Beach, CA-based middle-market private equity firm, and included co-investors Star Mountain Capital, Tecum Capital, Everside Capital Partners and UMB Private Investments.
“We are thrilled to be partnering with CQL Capital, our other co-investors and the Erie Strayer team to help them execute on their long-term vision” said Corey Sclar, Managing Partner at Brookside Capital Partners. “Erie Strayer has earned a long-standing reputation for engineering excellence, rugged and reliable equipment, and dependable after-sales support. With CQL Capital’s strategic resources and long-term partnership approach, Erie Strayer is well-positioned to further invest in innovation, employee development, and expanded service capabilities – enhancing the Company’s ability to support its loyal and growing customer base.”
About Brookside Capital Partners
Brookside has invested $1.4 billion since its founding in 2001. We are a leading provider of flexible capital solutions to lower middle-market companies, typically in the form of subordinated debt, unitranche loans and minority equity co-investments. Brookside generally invests $5 million to $30 million per transaction and has the resources to complete larger transactions, as well, by partnering with limited partners and associates. As a firm, we believe in partnership, collaboration, and achieving results together. We value the relationships with our sponsor and management partners and seek to find credit solutions that work for each unique situation. We deliver on our promises.
Please contact us or visit our website at brooksidecp.com for additional information. We welcome investment proposals and promise a prompt and confidential response.