Ranch Creek Partners and Hillstar Capital Make Equity Investment in Patriot Erectors, LLC
Summary
Founded in 1991 with a single truck and a welding machine, Patriot has grown from an erect-only, three-man start-up to a true turnkey fabricator/erector that has become the contractor of choice for some of the regions most high profile and challenging construction projects, including Austin-Bergstrom International Airport, The University of Texas Engineering Education and Research Center and The JW Marriot Austin."What really impressed us was Patriots outstanding reputation with its customers and the consistent project performance it demonstrated over the years" said Adam Stern, partner of Hillstar Capital.The firm seeks superior financial results by partnering with founders, world class managers and industry leaders to grow portfolio companies over time, whether organically, through acquisitions or a combination of both.The investment in Patriot will enhance the companys financial strength, while enabling it to meet the needs of its growing customer base in Texas.Patriot will continue to be led by long-serving CEO, Parley Dixon, General Manager, Ted L. Turner and a proven group of seasoned industry professionals.