Center Rock Capital Partners Invests in Diamond C
Deal News | Mar 26, 2025 | Center Rock Capital Partners L
Center Rock Capital Partners, LP has made a strategic equity investment in Roadclipper Enterprises, LLC, known as Diamond C, in collaboration with the existing equity holders, the Crabb family. This investment is the fourth from Center Rock's second fund, indicating the firm's active engagement in expanding its portfolio. Diamond C, a leading player in the premium open-air trailer market, operates from a vast manufacturing facility in Mount Pleasant, Texas. Established in 1985, the company has maintained a significant market presence by emphasizing quality and innovation. The collaboration with Center Rock is seen as a strategic move to enhance product offerings, expand market reach, and secure a leading industry position. Both parties are optimistic about driving growth through operational advancements and product line expansions.
Sectors
- Manufacturing
- Private Equity
Geography
- United States – Both Center Rock Capital Partners and Diamond C are based in the U.S., with Diamond C operating its manufacturing facilities in Mount Pleasant, Texas.
- Canada – Diamond C serves markets in Canada through its network of dealership partners, indicating cross-border operations and market reach.
Industry
- Manufacturing – Diamond C operates within the manufacturing industry, specifically focusing on producing premium open-air trailers. Its operations span four state-of-the-art facilities.
- Private Equity – Center Rock Capital Partners is a private equity firm providing equity investments to companies like Diamond C to aid in growth and operational improvements.
Financials
- Fourth investment – This marks the fourth investment from Center Rock's second investment vehicle, Center Rock Capital Partners Fund II, LP.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Center Rock Capital Partners, LP | Investor | Company | A private equity firm making growth investments in middle-market industrial companies. |
| Roadclipper Enterprises, LLC (Diamond C) | Target Company | Company | A leading manufacturer of premium open-air trailers in the U.S. |
| Crabb Family | Existing Equity Holders | People | The founding family and existing equity holders of Diamond C. |
| Jeffery Crabb | CEO of Diamond C | Person | Second-generation leader of Diamond C, overseeing its strategic growth and market presence. |
| Terry Theodore | Partner at Center Rock | Person | Partner at Center Rock Capital Partners, involved in the investment and growth strategy for Diamond C. |