News

Jul 18, 2023

Maverick Pipe Growing Texarkana Operations with $20 Million Investment and 40 New Jobs

Another facility is growing their operations at the TexAmericas Center with

Another facility is growing their operations at the TexAmericas Center with Maverick Pipe investing $20 million over the next 18 months and hiring on 40 plus new employees.

Press Release:

TexAmericas Center, which owns and operates one of the largest mixed-use industrial parks in the United States, has announced New Hampshire-based Maverick Pipe as the newest Corporate Citizen expanding to its property.

Maverick Pipe will initially invest $20 million toward its expansion and hire 40 employees in the Texarkana region.

Maverick Pipe is a pipe manufacturing company specializing in production of conduits, fittings, tubing, and accessories. It offers in-stock and on-demand inventory to help pipe distributors grow their businesses and increase their profits with competitive pricing.

"We are thrilled to partner with TexAmericas Center to grow our operations in Texas," said Scott Johnson, CEO at Maverick Pipe. "Having a presence in Texas is exciting to us and the right step for our business. Texas is the perfect location for what we plan to accomplish in the years to come and we are excited to grow with TexAmericas Center."

Maverick Pipe purchased TexAmericas Center's 150,000 square foot speculative building in December 2022. Initial investment will be used to develop distribution and logistical infrastructure in the first phase of the project. Over the next 18 months, the company will begin phase two: building out its manufacturing plant.

Maverick Pipe will initially hire up to 40 manufacturers, logisticians, and supervisors within the next six months. Further expansion phases will require more workers, and leaders at the company anticipate adding up to 40 more employees.

"This is an exciting new chapter for all of us at TexAmericas Center, Maverick Pipe, and the entire Texarkana region." said Scott Norton, Executive Director and CEO of TexAmericas Center. "Maverick Pipe marks our entrance into building supply companies," Norton said. "There will always be a need for their product. Maverick Pipe is a growing, forward-thinking industry leader and they are exactly the kind of company we want to welcome to the region and where our residents will want to go to work."

Leaders at Maverick Pipe say they chose Texas to expand because of its favorable location in terms of logistics, but also because of the team at TexAmericas Center.

"I am TexAmericas Center's biggest fan," Johnson says. "Their top-notch staff go above and beyond and provide a level of service that is unmatched. TexAmericas Center has options and availability that create an environment primed for businesses to succeed."

Maverick Pipe first contracted with TexAmericas Center's third-party logistics division, TAC3PL, to test the market. That trial period went well, and when the spec building became available Johnson decided to become a property owner.

Maverick Pipe's decision to expand to Texas is the fifth major announcement in the last 12 months for TexAmericas Center. In 2022, 11 new businesses relocated to TexAmericas Center, and tenants on the footprint added 218 new jobs for the region.

About Maverick Pipe

Based in New Hampshire, Maverick Pipe is a pipe manufacturing company set out to overhaul the pipe industry and build a customer-first business model based on handshake integrity, rugged quality, and unrivaled price. Their products include electrical conduit, structural pipe, PVC pipe, fittings accessories. Maverick Pipe combines quality materials, unbeatable prices, and no-questions-asked customer service. An important goal of the company is to help pipe distributors grow their businesses, increase their profits, and keep their dreams alive. For more information about Maverick Pipe, visit maverickpipe.com.

About TexAmericas Center

Located on the Texas side of the Texarkana metropolitan area, TexAmericas Center owns and operates one of the largest mixed-use industrial parks in the United States. With roughly 12,000 development-ready acres of land and approximately 3.5 million square feet of commercial and industrial product, TexAmericas Center services four states (Arkansas, Louisiana, Oklahoma, and Texas).

For three consecutive years, Business Facilities magazine has ranked TexAmericas Center among the top 10 industrial parks in the country, most recently ranked No. 5 in 2022. (#5 for 2022). Tenants appreciate an impressive transportation corridor that uses multiple state highways, interstates, air freight, and rail lines to disperse from a central U.S. location.

In fact, seven rail lines converge on the Texarkana region TexAmericas Center is host to an on-site rail yard and has over 30 miles of rail running through its properties.

TAC Rail services include transload as well as rail car storage and movement.

TexAmericas Center also offers third-party logistics (3PL) services to assist companies with inventory management, warehousing, and fulfillment needs.

The organization recently completed construction on a 150,000-square-foot, state-of the-art speculative building and has the capability to lease, build-to-suit, or facilitate greenfield owner-constructed projects in a timely efficient manner.

It is a designated US Opportunity Zone, HUBZone, New Market Tax Credit Census Tract, Foreign Trade Zone #258, and a Texas Enterprise Zone. TexAmericas Center has the operating capabilities of a municipality but functions like a traditional real estate development company, offering customized real estate solutions. For more information about TexAmericas Center, visit texamericascenter.com.