Dallas-based specialty threaded fastener manufacturer Interstate Threaded Products (ITP) has been acquired by Austin’s Rox Capital Partners to launch its industrial fastener platform, which the firm aims to expand through a combination of organic growth initiatives and strategic acquisitions.
Founded in 1973, ITP has built a reputation for supplying high-quality threaded fasteners for customers operating in infrastructure, power generation, construction, telecommunications, industrial manufacturing, agriculture, and other critical industries, the companies said.
Terms of the deal were not disclosed.
“Finding the right partner was critical to us,” ITP President Rick Stone said in a statement. “Rox understands our business, respects the culture we have built, and shares our long-term vision for the company. Their operational experience and growth-oriented approach make them an excellent partner for our employees, customers, and suppliers.”
“We’re excited about the opportunities ahead and confident that together we can continue building on Interstate’s strong foundation,” Stone added.
Stone will continue to serve as president of ITP to lead the company through its next phase of growth, Rox Capital said.
Rox said it plans to support Interstate Threaded Products through investments in people, operational capabilities, and strategic growth initiatives while continuing the company’s commitment to quality, service, and customer relationships.
“We’re excited to partner with Rick Stone and the entire Interstate Threaded Products team,” Mark Sparrow, Managing Partner of Rox Capital Partners, said in a statement. “ITP has built an outstanding reputation over more than five decades by delivering exceptional products and service to its customers.”
He added, “The company’s strong market position, loyal customer relationships, and commitment to operational excellence make it an ideal fit for Rox. We look forward to supporting the team as they continue to invest in growth, expand capabilities, and strengthen their position as a leader in the specialty fastener industry.”
Founded in 2017, Austin-based Rox invests in the distribution, manufacturing, industrial, and healthcare sectors. The firm said it works collaboratively with management teams to advance operational excellence, accelerate growth, and build long-term value.
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