Capital Precast aligns with Texas equity fund

Source: Pinecrest Capital Partners, Dallas

Capital Precast Inc. of San Marcos, Texas, has been recapitalized by Texas Next Capital, an Austin-based equity fund. Pinecrest Capital Partners served as financial advisor to the producer of concrete storm or sanitary sewer structures, electrical or communications vaults, and other utility precast.

Founded in 1997 by Ash and Renee Wineinger, Capital Precast has been cited as one of the industry’s top 25 highest rated operations by the National Precast Concrete Association. “Capital Precast is an industry leader in safety and quality. Ash and his team have built an outstanding culture of excellence and this transaction will facilitate the company’s ongoing growth,” says Pinecrest Capital Co-founder and Senior Managing Director Barrett Kingsriter, who was joined in the transaction by fellow investment bankers Bobby Renkes and Wes Romanowski. “”

“Pinecrest’s commitment and experience helped ensure that we were able to accomplish all of our goals,” says Ash Wineinger. “They treated our Company as if it was their own.”