RF Investment Partners announced the exit of fueling infrastructure supplier SPATCO Energy Solutions from its fund in an Aug. 14 press release. (Source: Shutterstock)
RF Investment Partners announced the exit of fueling infrastructure supplier SPATCO Energy Solutions from its fund in an Aug. 14 press release.
RF also said it invested in SPATCO’s $230 million continuation fund, which closed July 25 and was led by Kian Capital Partners and Apogem Capital.
In late 2019, RF supported the initial investment in SPATCO with its SBIC Fund I investment in partnership with Kian Capital, RF said in the release.
Since then, SPATCO has closed eight add-on investments, expanded its geographical growth and quintupled its EBITDA, making it RF’s most significant exit in the firm’s history, the company said.
“RF’s initial investment in SPATCO set the stage for exponential growth over the last five years,” said SPATCO President and CEO John Force. “The combined efforts of the RF and Kian teams have enabled us to reach landmark results in the fueling infrastructure sector.”
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