RF Announces Utility Infrastructure Platform Investment
Firm partners with RJ Underground Founder Rich Johnston to fuel continued growth and geographic expansion across the Midwest and beyond
RF Investment Partners, a leading growth capital investor, is pleased to announce a new platform investment in RJ Underground, Inc. (“RJU”), a Kenosha, Wisconsin-based provider of horizontal directional drilling, hydro excavation, and specialty utility installation services.
Founded in 1996, RJU provides specialized trenchless installation and maintenance services for critical water, sewer, and utility infrastructure across Wisconsin, Illinois, and Indiana. The company serves municipal, utility, commercial, and residential customers, with capabilities spanning storm sewers, water mains, sanitary sewers, water services, gas services, and electrical infrastructure.
“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.”
