RF Investment Partners has acquired Rent-A-John, a provider of portable sanitation facilities. The purchase of Rent-A-John marks RF’s first acquisition for its newly formed portable sanitation platform.
Rent-A-John is a rental provider of portable sanitation equipment serving construction sites, industrial operations, film production crews, and special events throughout the greater Wilmington, North Carolina metropolitan area. Founded over 30 years ago, Rent-A-John was acquired by Cameron and Sharon Edwards in 1998.
“Our decision to partner with RF was driven by their deep understanding of the essential services industry and their commitment to helping businesses like ours reach new heights,” said Mr. Edwards. “We were looking for more than just capital—Rent-A-John required a flexible partner who shared our vision for growth, focused relentlessly on customer service, and embraced our family’s legacy. We’ve found that match in RF and are excited to begin this next chapter of growth.”
With the closing of the transaction, James Murphy has been appointed as the new CEO of Rent-A-John. Mr. Murphy’s past experience includes nearly 25 years of managing complex, route-based businesses, including more than 10 years with United Site Services, one of the largest national providers of portable sanitation services. Now with Rent-A-John, Mr. Murphy will oversee the company’s day-to-day operations, strategy implementation, corporate development, and acquisition integration.
“We are thrilled to partner with Rent-A-John and work alongside seasoned industry executive James Murphy, whose expertise and leadership will be instrumental in shaping the company’s mission, vision, and strategy,” said Peter Fidler, co-founder and managing partner of RF. “This collaboration underscores our commitment to investing in the essential services sector, and we look forward to supporting Rent-A-John as they continue to grow organically and through M&A expansion.”
RF Investment Partners invests between $10 million and $40 million in lower-middle-market software, healthcare services, and business services companies. Software companies typically have at least $5 million in annual recurring revenue, while healthcare and business services companies generally have at least $10 million in revenue and $2 million in EBITDA. RF is led by its co-founders and co-managing partners Peter Rothschild and Peter Fidler and has offices in New York City, Chicago, and Charlotte.
RF’s portable sanitation platform is actively seeking add-on acquisitions.
© 2024 Private Equity Professional | August 30, 2024
