Rox Capital Partners Expands Its Portfolio with Interstate Threaded Products Acquisition

In a significant move aimed at bolstering its presence in the industrial sector, Rox Capital Partners, a private equity firm based in Texas, has acquired Interstate Threaded Products (ITP), a leading manufacturer of specialty threaded fasteners. This transaction marks an important milestone for Rox as they venture into the industrial fastener market, a sector that serves critical industries across North America.

Founded in 1973 and headquartered in Dallas, Texas, Interstate Threaded Products has established itself as a trusted supplier known for its high-quality fasteners. The company caters to a range of essential industries, including infrastructure, power generation, construction, telecommunications, industrial manufacturing, and agriculture. The acquisition will enhance Rox's ability to support the growth of ITP, enabling them to expand their operational capabilities and strengthen their market position.

Mark Sparrow, Managing Partner of Rox Capital Partners, expressed enthusiasm over the acquisition, stating, "We are excited to partner with Rick Stone and the entire Interstate Threaded Products team. ITP has built an outstanding reputation over more than five decades by delivering exceptional products and service to its customers. The company's strong market position, loyal customer relationships, and commitment to operational excellence make it an ideal fit for Rox."

Rick Stone, President of Interstate Threaded Products, emphasized the importance of finding the right partner. He stated, "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 are excited about the opportunities ahead and confident that together we can continue building on Interstate's strong foundation."

Following the acquisition, Rox Capital Partners plans to make strategic investments in personnel and operational capabilities at ITP. The focus will remain on maintaining quality and fostering customer relationships, further solidifying ITP’s reputation as a leader in the specialty fastener industry. The terms of the transaction were not disclosed, leaving the specific financial implications of this acquisition under wraps.

About Rox Capital Partners

Founded in 2017, Rox Capital Partners is dedicated to building industry-leading businesses by partnering with founders, families, and management teams. The company specializes in providing operational excellence and accelerating growth in various segments, including distribution, manufacturing, industrial, and healthcare sectors. With a collaborative approach, Rox aims to create long-term value for its portfolio companies.

About Interstate Threaded Products

As a premier manufacturer of specialty threaded fasteners, Interstate Threaded Products consistently delivers quality products and dependable service. With a commitment to innovation and industry expertise, ITP manufactures a broad portfolio of threaded products and custom fastening solutions that serve diverse industrial sectors across North America.

Rox Capital Partners looks forward to driving growth and modernization at ITP, ensuring they remain at the forefront of the specialty fastener market, and continue to meet the evolving needs of their customers.

This acquisition sets the stage for Rox Capital Partners to expand its influence and develop a robust industrial fastener platform through both organic growth initiatives and strategic acquisitions in the future. As Rox continues to grow and develop its portfolio, the industrial fastener market appears poised for exciting developments.