RF Investment Partners invests in RJ Underground

RF Investment Partners, a growth capital investor, has made a new platform investment in RJ Underground, Inc., a Kenosha, Wisconsin provider of horizontal directional drilling, hydro excavation and specialty utility installation. The company, founded in 1996, installs and maintains water, sewer and utility infrastructure for municipal, utility, commercial and residential customers across Wisconsin, Illinois and Indiana.

RF said it will partner with management to expand into new markets and support organic and acquisition-led growth. Founder Rich Johnston will continue to lead the company, and the firm said new board members with utility-sector experience have already joined. Financial terms were not disclosed.