CQL Capital leads investment in equipment provider Erie Strayer

Other investors in the deal were UMB Private Investments, Tecum Capital, Brookside Capital Partners, and Everside Capital PartnersKyle Strayer will continue to lead Erie Strayer as CEO and remain fully involved in day-to-day operationsErie Strayer was founded in 1912

CQL Capital led an investment in Erie Strayer, an Erie, Pennsylvania-based provider of concrete batching equipment to construction and ready mix companies. No financial terms were disclosed.

Star Mountain Capital was CQL’s lead co-investor in the transaction. Other investors in the deal were UMB Private Investments, Tecum Capital, Brookside Capital Partners, and Everside Capital Partners.

The investment supports Erie Strayer’s long-term growth initiatives.

“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,” said Darrick Geant, managing partner at CQL Capital in a statement. “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.”

Kyle Strayer will continue to lead Erie Strayer as CEO and remain fully involved in day-to-day operations.

Erie Strayer was founded in 1912.