Texas Next Capital and its partners Independent Bankers Capital Fund LP and Frost Bank invested in Capital Precast Inc.

Financial terms were not disclosed.

Texas Next and its partners will provide additional capital to support the company's continued growth.

Capital Precast manufactures precast concrete underground utility products to utility contractors, distributors and utilities in south and central Texas.

Texas Next Capital is a private equity partnership of family offices and business leaders across the state focused on building companies based in Texas.