Kenosha-based RJ Underground Inc., a provider of horizontal directional drilling, hydro excavation, and specialty utility installation services has been acquired by New York-based private equity firm RF Investment Partners.

Terms of the deal were not disclosed. Milwaukee-based investment bank TKO Miller served as the exclusive financial advisor to RJ Underground.

“The partnership with RF Investment Partners positions RJ Underground for its next phase of growth by providing additional resources to expand its service capabilities, geographic reach, and customer relationships while continuing to deliver the high-quality service the company is known for,” TKO Miller said in a news release.

Read more at the BizTimes.