Strength Below the Surface: Investing in Infrastructure’s Foundation

San Antonio, Texas – March 12, 2008 – Ashland Capital Partners, together with Main Street Capital, recapitalized NAPCO Precast, a leading Texas-based manufacturer of precast concrete products serving infrastructure and commercial markets across the U.S.

At the time of the recapitalization, NAPCO was well-positioned to modernize its operations and scale to meet increasing demand for high-quality structural components. Ashland recognized an opportunity to invest in a trusted manufacturer whose products play a foundational role in transportation, energy, and commercial development across the southern and central United States.

Over the years, NAPCO’s precast solutions have been used in a number of high-profile construction projects, including the Dallas Cowboys’ Practice Stadium, Aldrich 51 Parking Structure in Austin, the 7725 Connect Data Center in Oklahoma City, and the Gathering Place Tunnel in Tulsa. These landmark projects showcase NAPCO’s reputation for precision, durability, and delivery at scale.

Ashland’s partnership with NAPCO continues to reflect its investment philosophy—supporting businesses that shape critical infrastructure and deliver lasting value, both above and below the surface.