Altus Capital Partners is selling Rocla Concrete Tie to German-based rail infrastructure supplier Vossloh Group, the company said.
Based in Denver, Colo., Rocla manufactures pre-stressed concrete railroad ties and turnout ties for Class I railroads, commuter passenger operations, transit authorities and industrial operations. The company was founded in 1986.
Altus Capital acquired Rocla to participate in the expected need of superior and durable concrete ties that reduce maintenance and prolong rail life not just within the U.S. railroad industry, but globally.
Altus continued to invest in Rocla’s growth through two add-on acquisitions, two new facilities and plant expansion. This additional investment allowed Rocla to further expand its customer base, product offerings and reach throughout the U.S. and Mexico, Altus said in a news release.. The dedication of the management team along with its investments has allowed Rocla to double its revenue since Altus’ acquisition in 2013, the company added.