Investor positions StormTrap for higher volumes, broader reach

Storm i

A lower middle market private equity fund with infrastructure and maintenance business investments has taken a controlling interest in Romeoville, Ill., precast producer and stormwater management technology licensor StormTrap, LLC. Houston-based Warren Equity Partners acquired the stake from the Hawken family, which founded StormTrap in 2002. The Hawkens invested alongside the fund in the transaction and will remain on the board of directors.

Read More

Martin Marietta strategy chief to lead Texas Industries integration

Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff

In an upbeat, company-wide memo, Martin Marietta CEO Ward Nye underscores positive market, investor and employee response to the Texas Industries merger announcement three weeks prior, noting that “all remains on schedule for a targeted closing sometime this summer.”

Read More