R.L. JAMES, A PORTFOLIO COMPANY OF HIDDEN HARBOR CAPITAL PARTNERS, ACQUIRES COMMERCIAL PLASTERING USA, LLC.

Fort Myers, Florida, September 23, 2025 – R.L. James (“RL James”), a Hidden Harbor Capital Partners portfolio company and provider of exterior restoration and remediation services such as concrete restoration, window cleaning, painting, waterproofing, and glass and window replacement to commercial end customers throughout Southwest and Central Florida, today announced the acquisition of Commercial Plastering USA, LLC (“CPI” or the “Company”). The acquisition strengthens RL James’ geographic footprint into SW FL and further expands its service capabilities across the region.

Commercial Plastering USA, LLC, headquartered in Bradenton, FL, is a founder-owned exterior building services business led by William (“Billy”) Rice. The Company is a provider of plastering, exterior finishes, and drywall services to commercial customers across SW FL. Billy will continue in his current role at the Company.

“To me, fit was the most important thing in finding a partner for the next stage of CPI’s growth. We have worked with RL James’ team for over 20 years and have a deep appreciation of their longstanding culture and proven track record of operational excellence,” Billy said of the partnership.

“Partnering with CPI is an exciting milestone for RL James. CPI’s commitment to excellence, safety, and relationships aligns seamlessly with our values, and together we are positioned to grow into adjacent markets while honoring the legacy built over the past four decades,” said Chad Severson, CEO of RL James.

First Eagle Alternative Credit provided financing for the transaction. Akerman LLP served as legal advisor to Hidden Harbor Capital Partners and RL James. Shutts & Bowen LLP served as legal advisor to Commercial Plastering USA, LLC

 

About RL James

RL James is a provider of critical exterior restoration and maintenances services to commercial customers across Florida. The company has a long track record of providing concrete restoration, waterproofing, window cleaning, painting, and other adjacent recurring and re-occurring services to its customers with a mission of delivering uncompromised quality. To learn more, visit www.rljames.com.

 

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 has assets under management of over $2 billion and is investing out of its third fund, a $825 million vehicle.  To learn more, visit www.hh-cp.com and our page on LinkedIn.

 

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Media Contact

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