Sources: AmeriTex Holdings LLC, Seguin, Texas; CP staff
AmeriTex Pipe and Products LLC, Texas’ top independent concrete drainage structures operator, has closed $380 million in Senior Secured Credit Facilities with U.S. Bank National Association, joining $35 million in current Subordinated Notes with Prudential Capital Partners LP. The credit lines will enable the producer to continue building volume and other capabilities suiting Lone Star State utility and highway contractors.
AmeriTex operates the industry’s largest concrete pipe, box culvert, and precast concrete production complexes. Each maintains American Concrete Pipe Association QCast plant certification and related quality control systems ensuring output meets or exceeds ASTM Committee C13 on Concrete Pipe and Texas Department of Transportation standards.
“We believe that we’ve revolutionized the manner that concrete pipe and box is manufactured in our high-capacity, state of the art facilities which are strategically located in Seguin, Conroe, and Gunter, for responsive service and timely deliveries,” management notes. “In addition to high capacity, our facilities have the flexibility to serve a broad range of needs from small residential developments to the largest highway projects, stocking many ready-to-ship products in most standard sizes and configurations. When a project requires specific dimensions, joint types and strength ratings, AmeriTex’s facilities easily re-tool to the customer’s exact specifications.”
“We listen carefully and work tirelessly to meet the needs of our contractor friends,” affirms AmeriTex Founder, Chairman and CEO Kevin Thompson. “With TxDOT recently announcing another record year of projects, Texas County property receipts growing to record levels from rising home values, and the move of about a dozen Fortune 500 headquarters and thousands of other companies to Texas in the last handful of years, AmeriTex understands that it needs to continue to grow.”
“We focus on building lasting relationships that endure through economic and industry cycles, making us a reliable and trusted financial partner. We understand Kevin’s commitment to meet his customers’ needs and enjoy watching the precision in which he and his team build and operate these massive facilities,” adds U.S. Bank Senior Vice President of Commercial Banking Chris Angarola. “We were delighted to be selected to lead AmeriTex’s million senior credit facility we hope to be Kevin’s financing partner for years to come.”