CQL Capital announced it has made a strategic investment in Erie Strayer, a fourth-generation, family-owned manufacturer of concrete batching solutions, in a deal aimed at supporting the company’s long-term growth while preserving its legacy, family values, leadership continuity, and customer-first culture.
Founded in 1912, Erie Strayer is known for engineering-focused concrete batch plants and related equipment, along with after-sales support. The company said the partnership will help accelerate investment in innovation, employee development, and expanded service capabilities as it continues to serve its existing customer base.
Erie Strayer’s leadership and day-to-day operations are expected to remain consistent following the transaction. Kyle Strayer will continue as chief executive officer; the management team remains unchanged, and the company said customers, dealers, and vendors will continue to work with the same contacts.
The firms positioned the partnership as a long-term alignment designed to reinforce Erie Strayer’s market presence while expanding aftermarket support, service, and parts capabilities to enhance the customer experience. CQL Capital said it is aligned with lead co-investor Star Mountain Capital, which is expected to provide additional financial, strategic, and operational support as Erie Strayer scales its platform.
CQL Capital led the investment and said it was joined by Star Mountain Capital, UMB Private Investments, Tecum Capital, Brookside Capital Partners, and Everside Capital Partners.
KEY QUOTES:
“Erie Strayer is exactly the kind of company we seek to partner with—an organization with deep roots, a strong culture, and a team that takes tremendous pride in delivering quality to customers. Our role is to support Erie Strayer’s long-term vision by providing capital and strategic resources while allowing management to continue leading the business.”
Darrick Geant, Managing Partner at CQL Capital
“What impressed us most was the pride Erie Strayer’s employees take in their work and the company’s unwavering focus on customers. We’re excited to partner with a team that is committed to innovation while staying true to the values that have guided the business for more than a century.”
Dana Rosenberg, Managing Partner at CQL Capital
“This partnership is about strengthening Erie Strayer for the long term while protecting what makes this company special. We were very intentional in choosing a partner who respects our people, our culture, and our commitment to customers. This allows us to invest in the future while staying true to who we are.”
Kyle Strayer, CEO of Erie Strayer
