Rox Capital to Launch Fasteners Platform after Acquiring Interstate Threaded Products - Modern Distribution Management

Rox Capital to Launch Fasteners Platform after Acquiring Interstate Threaded Products

The acquisition launches Rox Capital Partners’ industrial fastener platform, with plans to grow the Dallas-based manufacturer and distributor through organic initiatives and strategic acquisitions.
Interstate Threaded Products

Austin, TX-based private equity firm Rox Capital Partners announced June 11 that it has acquired Interstate Threaded Products, a Dallas-based manufacturer and distributor of specialty threaded fasteners.

Financial terms of the transaction were not disclosed.

Rox said the acquisition launches its industrial fastener platform, which the firm plans to expand through organic growth initiatives and strategic acquisitions. Rox Capital Partners focuses on building and scaling lower middle-market businesses and specializes in the distribution, manufacturing, industrial and healthcare sectors. It has approximately $150 million in assets under management and has made nine investments to-date. The two other companies in its active portfolio are Haven Hub and Alpha General.

Founded in 1973, Interstate Threaded Products manufactures and distributes a portfolio of threaded products and custom fastening solutions for customers across North America. The company serves end markets including infrastructure, power generation, construction, telecommunications, industrial manufacturing and agriculture.

ITP’s product categories include all thread rod, all thread stud, anchor bolts, custom parts, eyebolts, J-bolts, keystock, nuts and U-bolts. The company describes itself as a single source for high-quality threaded fasteners, with a focus on accurate order fulfillment and timely delivery.

Rick Stone will continue to serve as President of Interstate Threaded Products and lead the company through its next phase of growth.

“ITP has built an outstanding reputation over more than five decades by delivering exceptional products and service to its customers,” Rox Capital Partners Managing Partner Mark Sparrow said in the announcement. “The company’s strong market position, loyal customer relationships and commitment to operational excellence make it an ideal fit for Rox.”

Rox said it plans to support Interstate Threaded Products through investments in people, operational capabilities and strategic growth initiatives while maintaining the company’s focus on quality, service and customer relationships.

“Rox understands our business, respects the culture we have built and shares our long-term vision for the company,” Stone said.

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