CQL Capital announced a strategic investment in Erie Strayer, a fourth-generation, family-owned company specializing in concrete batching solutions. The transaction is designed to support Erie Strayer’s long-term growth initiatives while preserving its legacy, leadership structure, and customer-focused culture.
Founded in 1912, Erie Strayer has built a reputation for engineering excellence, durable equipment, and dependable after-sales service. The company designs, engineers, and manufactures concrete batch plants, including custom ready-mix plants and mobile paving plants, along with proprietary technologies such as its Heavy-Duty Tilt Drum Mixer and Liberty Series Concrete Batching Control System.
Under the partnership, Kyle Strayer will continue to serve as Chief Executive Officer and remain actively involved in daily operations. The existing management team will remain in place, and customers, dealers, and vendors will continue working with their current contacts.
CQL Capital said its long-term partnership model and strategic resources will enable Erie Strayer to increase investment in innovation, employee development, and expanded service capabilities. The firms also plan to strengthen Erie Strayer’s aftermarket support, service, and parts operations to further enhance the 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.
The companies emphasized that the partnership reflects a shared commitment to strengthening Erie Strayer’s market leadership while maintaining the company’s longstanding values and operational continuity.
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, Chief Executive Officer of Erie Strayer