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Investors capitalize Big Apple-centered Boccella Precast

Sources: Main Street Capital Corp., Houston; CP staff

Main Street Capital has announced an $18.6 million outlay combining first-lien, senior secured term debt and direct equity investment in Berlin, N.J.-based Boccella Precast LLC, a structural concrete products operator serving metropolitan New York, Northeast and Mid-Atlantic markets. The firm partnered with Ashland Capital Partners, Chicago, and Boccella management on the transaction.

Read more: Investors capitalize Big Apple-centered Boccella Precast

Ozinga broadens Indiana footprint in Eagle Ready-Mix acquisition

Sources: Ozinga Ready Mix, Inc., Mokena, Ill.; CP staff

Continuing a Great Lakes market expansion north and east of its Chicago base, Ozinga RMC has closed on Indiana’s Eagle Ready-Mix, characterizing the family owned operator as rich in values and principles—and a perfect fit with its culture. The producer’s Goshen and Elkhardt sites join their new owner’s 11-plant business serving north central Indiana and southwest Michigan.

Read more: Ozinga broadens Indiana footprint in Eagle Ready-Mix acquisition

Caterpillar aligns with brick-laying robotics specialist

Sources: Caterpillar Inc., Peoria, Ill.; CP staff

A memorandum of understanding positions Caterpillar and Australia-based Fastbrick Robotics to collaborate on development, manufacturing, sales and servicing of the latter company’s bricklaying technology. Effective for 12 months, it will see Caterpillar take a $2 million stake in Fastbrick Robotics, potentially followed by an additional $8 million investment.

Read more: Caterpillar aligns with brick-laying robotics specialist

Gage Bros. eyes $40M successor to 102-year-old flagship plant

Sources: Gage Brothers, Sioux Falls, S.D.; CP staff

Gage Bros. is targeting a 2019 opening for an advanced, 210,000-sq.-ft. headquarters operation in Sioux Falls, where it was founded in 1915 and presently has precast/prestressed concrete production spread across 16 buildings on 30 acres.

Read more: Gage Bros. eyes $40M successor to 102-year-old flagship plant

Hughes Bros. deal brings Owens Corning division concrete-grade FRP

Sources: Owens Corning, Toledo, Ohio; CP staff

Owens Corning Infrastructure Solutions has acquired Aslan FRP, the concrete reinforcement business of Nebraska-based Hughes Brothers, Inc. Aslan produces and markets glass and carbon FRP (fiber reinforced polymer) products, also known as composite rebar, used to reinforce concrete in new or retrofit projects.

Read more: Hughes Bros. deal brings Owens Corning division concrete-grade FRP