- Founder Rich Johnston will continue to lead the company
- RJU was founded in 1996
RF Investment Partners has made an investment in RJ Underground, Inc, a Kenosha, Wisconsin-based provider of horizontal directional drilling, hydro excavation, and specialty utility installation services.
RJU serves municipal, utility, commercial, and residential customers.
Founder Rich Johnston will continue to lead the company.
“RJ Underground is exactly the kind of business we look for, a strong founder-led company with deep technical expertise in a mission-critical, essential service,” said RF managing director Patrick Riggio. “Rich and his team have built a trusted, industry-leading reputation across the utility infrastructure space, and we’re excited to partner alongside management to expand into new markets, and support RJ Underground’s continued organic and M&A growth.”
TKO Miller served as the exclusive financial advisor to RJ Underground.
RJU was founded in 1996.