RAE Corporation Acquires
Pryor, Okla., Sept. 21, 2021 – RAE Corporation, a leading manufacturer of climate control solutions, is pleased to announce the acquisition of Honeycutt Construction, a local company that provides solutions in general contracting specializing in steel building manufacturing and installation. The partnership of these two family-owned companies enhances RAE Corporation’s ability to “Make Great Happen” and continues the legacy of two great entrepreneurs.
RAE Corporation and Honeycutt Construction share the same business approach of providing “a solution to the customer, not just a product.” The leaders at RAE Corporation are experienced with these types of transactions, having purchased another local company, Digi Security, in 2014. Both parties are very comfortable with the transition and are excited knowing that employees and customers will get even more support as the companies continue to grow.
“The core values of the Honeycutt family align so well with the vision we have at RAE Corporation and the values my dad taught me. It is an honor to continue building the company that Alvin Honeycutt started. This acquisition creates an opportunity for growth in our community and more opportunities for employees of both companies,” said Eric Swank, president, and CEO of RAE Corporation.
Alvin Honeycutt and his wife, Karen, called Pryor home for 39 years and raised two daughters here. Alvin had a passion for building things and founded two separate construction companies during his career. Honeycutt Construction was founded in 1985. Alvin passed away in 2019, leaving his wife and daughters to manage the success of his dreams. Just down the street from Honeycutt Construction is RAE Corporation. Founded in 1971 by Jim Swank and five other entrepreneurs, RAE Corporation currently employs over 400 people and has seen tremendous growth in the past ten years. Jim Swank passed away last spring, just after the company celebrated its 50th anniversary.
Both the Swank family and Honeycutt family have assured their employees and customers that this acquisition will not have any direct effect on current business or day-to-day job responsibilities. Operations for both companies will continue with business as usual.
About Honeycutt Construction:
Honeycutt Construction, which also operates under the name Honeycutt Manufacturing, is located in Pryor, Oklahoma, across from the Industrial Park on Highway 69-A. This organization primarily operates in the Prefabricated Metal Buildings business/industry within the Fabricated Metal Products sector. Honeycutt Construction was founded on honesty and integrity over 30 years ago. Today, they continue that tradition by weaving these values into everything they do.
About RAE Corporation:
RAE Corporation, headquartered in Pryor, Okla., has been family-owned and operated for the entire existence of the company. RAE Corporation specializes in the design and production of engineered heating, cooling, and refrigeration systems. The company employs over 400 people with all equipment proudly Made in the USA. RAE Corporation manufactures products in five divisions: Technical Systems, Century Refrigeration, Refrigeration Systems, RAE Coils, and ZeroCool Systems. For over 50 years, RAE has maintained a founding commitment to its customers and community with a vision to Make Great Happen. Additional information is available at www.RAE-corp.com.