RF Investment Partners Acquires RJ Underground, Inc.

September 2, 2026

RF Investment Partners acquired RJ Underground, Inc., an underground utility services provider specializing in horizontal directional drilling and hydro-excavation. The acquisition is expected to expand RJ Underground’s service capabilities and geographic footprint, supported by RF Investment Partners’ lower middle-market focus and operational resources.

Targets
RJ Underground, Inc.
Location
Wisconsin, United States
Transaction Type
Buyout

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