The acquisition provides RJ Underground with the capital and strategic resources necessary to scale its operations across the Midwest. By integrating into the RF Investment Partners portfolio, the company intends to broaden its geographic reach and strengthen service delivery for its core customer base, which includes municipalities, utilities, and general contractors.
In section Releases
RF Investment Partners Acquires Utility Specialist RJ Underground
Milwaukee-based RJ Underground, Inc., a provider of horizontal directional drilling and hydro-excavation services, has been acquired by private capital firm RF Investment Partners. The transaction, advised by investment bank TKO Miller, aims to fuel the company's regional expansion and enhance its specialized utility infrastructure service capabilities.
RJ Underground maintains a focus on essential infrastructure, particularly sewer, water, and electrical systems. For TKO Miller, the deal underscores a continued specialization in advising family- and founder-owned firms within the industrial and infrastructure sectors. RF Investment Partners, known for backing lower middle market businesses, plans to support the company’s long-term growth while preserving its established operational legacy.
Comments (0)
No comments yet. Be the first!