Denver-based Rocla Concrete Tie, a railroad tie manufacturer, has been acquired by Altus Capital Partners and the company’s senior management team from a Belgian holding company.
Financial details of the purchase were not disclosed.
“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,” Rocla’s chief executive officer, Peter Urquhart, said in a statement. “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.” – Jon Ross
Investment firm buys Rocla Tie
