RF Investment Partners acquires RJ Underground
What's the deal? RF Investment PartnersDealroom has a profile for this one. Try Dealroom → has acquired RJ UndergroundDealroom has a profile for this one. Try Dealroom →, a full-service provider of horizontal directional drilling, hydro-excavation, and other specialty underground utility services. RF Investment Partners is a private capital firm focused on lower middle market businesses. Terms were not disclosed.
Who's involved? RJ Underground serves general contractors, utilities, commercial and industrial customers, and municipalities across the Midwest. Its work supports sewer, water, wastewater, gas, and electrical infrastructure. Middle market investment bank TKO MillerDealroom has a profile for this one. Try Dealroom → advised RJ Underground as exclusive investment banking advisor.
What's the endgame? The deal is meant to fund RJ Underground's next phase of growth, giving it resources to expand service capabilities, geographic reach, and customer relationships. RF Investment Partners says it aims to back long-term growth while preserving the culture and legacy of the businesses it invests in.
The signal: The acquisition reflects continued private capital interest in essential infrastructure services and founder-owned lower middle market companies. For RF Investment Partners, RJ Underground adds a specialist in underground utility work backed by longstanding customer relationships.
Read more: PR Newswire
Image credit: Kecko
