Press Release Summary
Location: Milwaukee
Date: July 27, 2026
Subject: Acquisition Announcement
Key Points:
- Company Acquired: RJ Underground, Inc., a provider of underground utility services (horizontal directional drilling and hydro-excavation).
- Acquirer: RF Investment Partners, a private capital firm focused on lower middle market businesses.
- Objective: The partnership aims to enhance RJ Underground’s service capabilities, geographic expansion, and customer relationships while maintaining its commitment to high-quality service.
- Advisory Role: TKO Miller served as the exclusive investment banking advisor for this acquisition.
Company Overviews:
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RJ Underground, Inc.:
- Specializes in underground utility infrastructure services (sewer, water, gas, etc.).
- Serves contractors, utilities, and municipalities mainly in the Midwest.
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RF Investment Partners:
- Invests in family- and founder-owned lower middle market businesses.
- Offers flexible capital and strategic resources to promote growth while preserving business culture.
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TKO Miller:
- Focuses on merger and acquisition advisory for middle market businesses with an emphasis on family-owned firms.
- Services include sales, recapitalizations, and management buyouts.
Contact Information:
Katie Yde, (414) 375-2660
Source: TKO Miller, LLC
Website: TKO Miller
