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CenterGate Capital Partners with Specialized Equipment Solutions Provider RC Rasmussen

June 07, 2022, 07:05 AM
By
Topic: Rental News

CenterGate Capital, an Austin, TX-based private equity investment firm, announced its affiliate has made an investment in RC Rasmussen Corporation, a specialized equipment solutions provider supporting critical marine infrastructure throughout North America.

Established in 1936 and headquartered in Seattle, WA, with three additional locations in California, Louisiana and Virginia, Rasmussen specializes in rental and sale of equipment and related parts and service support for the marine infrastructure market. Rasmussen is a complete solutions provider to its customers, offering one of the largest fleets of specialized winches, sectional floats, decking, and rigging gear to support essential marine infrastructure including bridge rehabilitation, dam maintenance, waterway dredging, and various other applications.

President Dan Ellis, who will continue to lead Rasmussen, said, “We are excited about our partnership with CenterGate and what it means for our employees, customers and vendors. CenterGate’s investment will provide us with the capital and strategic resources to continue to grow our capabilities and geographic reach while maintaining our focus on unsurpassed customer service excellence.”

Michael Smith, Managing Director at CenterGate Capital, added, “Dan and the entire Rasmussen team have an impressive track record of growth and a compelling vision for the future. We are excited to partner with Rasmussen to help them continue their success and build a market leading specialty equipment solutions provider.”

CenterGate Capital was represented by McGuireWoods LLP in the transaction.

Oppenheimer & Co. Inc. served as exclusive financial advisor to Rasmussen.

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