HIDDEN HARBOR CAPITAL PARTNERS ACQUIRES R.L. JAMES, A CONCRETE RESTORATION SERVICES COMPANY, IN LATEST PLATFORM ACQUISITION

Boca Raton, Florida, January 18, 2024 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce a strategic investment in R.L. James Inc. GC (“RL James”). Founded in 1988 and based in Fort Myers, Florida with locations in Bradenton and Daytona, RL James is a provider of exterior restoration and remediation services such as concrete restoration, painting, waterproofing, and glass and window replacement to condominium associations and other customers throughout Southwest and Central Florida.

“The RL James team has the requisite know-how in a highly technical, rapidly growing industry and a wide service offering enabling the company to deliver a strong value proposition to the market,” said Russell Kreutter, Principal at Hidden Harbor. “We are thrilled about this partnership and look forward to supporting RL James’ growth.”

Daniel Bui, Associate at Hidden Harbor, added, “We are excited to be partnering with a team that shares our core values and has a long track record of operational excellence. We look forward to working with the RL James team to further scale the company’s operations and execute on a comprehensive growth strategy.”

Bob James of RL James said, “When I made the decision to bring on a partner, I knew that finding a partner who shares our values and appreciates the foundation and relationships we have built over the years was key. My focus has always been on building a strong team and strong infrastructure to provide the highest level of customer service, and I am excited the Hidden Harbor team shares the same view. I look forward to the continued growth of the company as RL James enters this new chapter.”

Hidden Harbor’s acquisition of RL James closed on December 15, 2023. Funds managed by First Eagle Alternative Credit provided financing for the transaction. Akerman served as legal advisor to Hidden Harbor. CREP served as broker to RL James. Culpepper Finance served as financial advisor to RL James. Kelley Stiffler PLLC served as legal advisor to RL James. Terms of the transaction were not disclosed.

About RL James

RL James is a state certified general contractor that provides restoration and remediation services in Florida. The company has a long track record of providing concrete restoration, waterproofing, and other related services to its customers with a mission of delivering uncompromised quality.

About Hidden Harbor Capital Partners

Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently manages over $800 million of equity capital and is investing out of its second fund, a $450 million vehicle. To learn more, visit www.hh-cp.com and our page on LinkedIn.

Media Contact

Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com