Erie Strayer, a fourth-generation, family-owned leader in concrete batching solutions, announced that it has received a strategic investment led by CQL Capital, a private equity firm focused on partnering with founder- and family-owned businesses. The investment is designed to support Erie Strayer’s long-term growth initiatives while preserving its legacy, family values, leadership, and customer-first culture.
Founded in 1912, Erie Strayer has built a reputation for engineering excellence, rugged and reliable equipment, and dependable after-sales support. The partnership with CQL Capital is expected to accelerate investment in innovation, employee development, and expanded service capabilities, enabling the company to better serve its long-standing customer base.
Kyle Strayer will continue to serve as chief executive officer and remain fully engaged in day-to-day operations. The company’s management team remains unchanged, and customers, dealers, and vendors will continue working with their existing contacts. The partnership also aims to expand Erie Strayer’s aftermarket support, service, and parts capabilities to enhance the overall customer experience.
CQL Capital led the investment and was joined by lead co-investor Star Mountain Capital, along with UMB Private Investments, Tecum Capital, Brookside Capital Partners, and Everside Capital Partners. Financial terms of the transaction were not disclosed.
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
