Race Rock Acquires Spitzer Industries to Create Leading National Infrastructure and Industrial Services Platform

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HOUSTON--(BUSINESS WIRE)--Oct 8, 2025--

Race Rock ( www.racerock.com ), a nationwide infrastructure solutions leader, is pleased to announce the acquisition of Spitzer Industries ( www.spitzerind.com ), a long-standing provider of engineered equipment and modular solutions for energy and industrial markets. This strategic combination unites two highly complementary businesses to expand on Race Rock’s national platform positioned for scale, innovation, and long-term growth across various infrastructure, energy, and industrial end markets.

Founded in 1996, Spitzer Industries has built a reputation as a trusted partner in the fabrication of complex process systems, pressure vessels, and modular assemblies. Having been a portfolio company of The Stephens Group, LLC (“Stephens Group”) since 2007, Spitzer Industries will now operate as a standalone division within Race Rock and maintain headquarters in Houston, TX. Together, the companies will leverage their respective strengths – Race Rock’s agility, operational expertise, and deep relationships in utility and highway infrastructure, and Spitzer’s technical capabilities, manufacturing footprint, and track record of delivering high-spec engineered products. With the addition of Spitzer Industries, Race Rock will continue serving customers across the U.S., with expanded capabilities in engineering, fabrication, field services, and modular construction.

“This is a transformational moment for both of our companies,” said Donald W. Young, Chairman and CEO of Race Rock. “By combining with Spitzer Industries, we are creating a stronger, more diversified business with broader capabilities and geographic reach across Texas. This acquisition allows us to better serve our customers, invest in our people, and accelerate growth through continued innovation and excellence in execution.”

Cullen Spitzer, President of Spitzer Industries, added “This acquisition brings together two companies with aligned cultures, shared values, and a relentless focus on delivering quality solutions. We are excited to join forces with Race Rock and bring even greater value to our customers and partners.”

Leadership from both companies will remain in place to ensure continuity and integration success. The acquisition combines existing investors of both organizations whose continued support will enable additional strategic investments and expansion into new markets. Race Rock funded the acquisition through a combination of debt and equity. Debt financing was provided by a syndicate of banks led by JP Morgan. Gibson Dunn & Crutcher LLP acted as legal advisor to Race Rock on the acquisition. Jones Day served as legal advisor to Spitzer Industries. Jefferies LLC served as exclusive financial advisor to Spitzer Industries.

For more information about the combined company, please visit www.racerock.com and www.spitzerind.com.

ABOUT RACE ROCK

Race Rock ( www.racerock.com ) is a privately owned fabricator and distributor of a wide portfolio of steel infrastructure products serving customers in a variety of end markets and geographies. Race Rock specializes in engineered solutions in the utility industry (steel transmission/distribution poles and substation structures, solar panel support structures), highway industry (highway lighting poles and lowering devices, overhead sign structures, guardrail systems, and crash attenuators), and telecommunications industry (cellular poles/towers). Race Rock’s mission is to serve as a trusted partner to those who build and maintain infrastructure.

ABOUT SPITZER INDUSTRIES

Spitzer Industries, based in Houston Texas, is a custom manufacturer of equipment serving the energy, industrial, and commercial sectors worldwide. For more than 27 years, the Spitzer name has been synonymous with quality and safety, specializing in engineered process and production skid packages, ASME pressure vessels, structural steel, and a wide range of custom weldments across diverse markets. The company maintains in-house capabilities in engineering, design, drafting, quality control, and procurement, enabling seamless project execution from start to finish. Led by a team of seasoned industry professionals, Spitzer Industries delivers value to clients through a strong commitment to quality, uncompromising attention to safety, and consistent on-time delivery.

ABOUT STEPHENS GROUP

The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens, Jr. and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With over $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, Stephens Group has invested in over 55 companies, targeting investments in industries across the U.S., including industrial products and services, specialty distribution, and vertical software.

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KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: TECHNOLOGY MANUFACTURING OTHER TRANSPORT TRANSPORT UTILITIES TELECOMMUNICATIONS OTHER MANUFACTURING STEEL ENERGY ENGINEERING MACHINE TOOLS, METALWORKING & METALLURGY

SOURCE: Race Rock

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PUB: 10/08/2025 09:30 AM/DISC: 10/08/2025 09:29 AM

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