Collaboration to Achieve a Shared Vision

Understanding the importance of aligned interests built on trust and integrity

Investment Approach

RF invests in lower-middle-market businesses with $2 million to $10 million in EBITDA. RF is often the first institutional investor for the companies in which we invest. We are a less dilutive form of capital than traditional private equity, but provide owners many of the same strategic benefits.

We target businesses which are looking to achieve management buyouts, shareholder liquidity events, succession issues, generational changes, or are pursuing growth strategies.

Investment Criteria

$10 - $75 million

Revenue
$2 - $10 million

EBITDA
$5 - $25 million

Investment Size

Industry Sectors

  • Business Services / Tech-Enabled Business Services
  • Industrial and Niche Manufacturing
  • Consumer Products and Services
  • Distribution and Logistics
  • Health Care Services
  • Aerospace and Defense
  • Franchising
  • SaaS-based Businesses
  • Food & Beverage

Company Attributes

  • Outstanding management team with meaningful ownership
  • Proven historical financial performance, including recurring revenue and strong free cash flow dynamics
  • Industry leader, with sustainable competitive advantages
  • Non-cyclical end-markets
  • Attractive industry dynamics with strong fundamentals
  • Executable growth strategy / value creation plan

Deal Structures

Securities
Transaction
Types