Oakbrook Terrace, IL — Crestline Investors, Inc. (“Crestline”) has announced the closing of a $76 million first lien senior secured credit facility for Alcrete, a leading precast concrete producer in the Southeastern United States. The financing will support Alcrete’s acquisition roll-up strategy and fuel continued growth as the company expands its footprint to meet rising infrastructure demands.
Alcrete specializes in underground and wastewater mitigation solutions for excavating, utility, grading, and site contractors. Crestline’s new capital investment will provide Alcrete with the ability to establish operations in new key markets, while also enabling a strategic acquisition strategy, including Florida Concrete Products LLC, expanding the company’s capabilities in the prestressed bridge segment.
“Crestline’s investment empowers Alcrete with the ability to strategically expand across the Southeast, scaling operations to address critical infrastructure needs in the region,” said Nick Martino, Director at Crestline.
“We believe that optimizing Alcrete’s footprint is essential for maintaining best-in-class service and delivery,” added Brian Dean, Senior Associate at Crestline.
“Our goal is to grow Alcrete efficiently and service the increasing demand for precast concrete products across the region. Crestline’s ability to move quickly and creatively was key to this partnership, and enabled us to acquire a transformational asset for the business,” said Justin Norman, CEO of Alcrete.
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has over $16 billion of alternative credit assets under management (as of December 31, 2024) across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About Alcrete
Founded in 2021, Alcrete is a manufacturer of precast and prestressed concrete products including stormwater, sanitary, bridge, and specialty structures. Alcrete provides construction contractors with precast solutions for vital infrastructure projects. Alcrete operates six manufacturing facilities located in Alabama, Florida, Kentucky, North Carolina, and South Carolina with a corporate office in Oakbrook Terrace, Illinois.
For more information on Alcrete, visit Alcrete.com.
SPP Capital Partner and Balch & Bingham LLP advised Alcrete. Jones Day advised Crestline on the transaction.
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