HCAP Partners Announces Exit of Investment in RJE International

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Firm Provided Funding in 2009 to Support RJE's Growth and Operating Objectives

Our participation in RJE’s growth is an excellent example of how HCAP Partners can assist a company with medium-term working capital needs to achieve its operating objectives.

HCAP Partners (formerly Huntington Capital), a San Diego-based mezzanine debt and private equity fund, has announced its exit from portfolio company RJE International (“RJE”). Founded in 1991 by CEO Robert Jechart, RJE supplies high tech mission critical products including sonar beacons, diver navigation products, and underwater relocation products to various branches of the U.S. government, major airlines, and commercial customers in over 75 countries worldwide.

HCAP Partners provided funding to RJE in 2009 to support the working capital requirements associated with transferring its commercial sonar technology to the residential swimming pool industry and to support product line expansion through acquisitions. During the time of HCAP Partners’ investment, RJE completed two acquisitions: Safety Turtle in 2012 and the aviation pinger product line from Teledyne Benthos in 2014. The Safety Turtle product line added a layer of aquatic safety protection for the consumer market and the aviation pinger product line acquisition added an FAA-approved underwater locator beacon product line for commercial and general aviation aircraft.

Hope Mago, Principal at HCAP Partners, commented, “Our participation in RJE’s growth is an excellent example of how HCAP Partners can assist a company with medium-term working capital needs to achieve its operating objectives. We are excited to see the growth RJE has achieved during the time of our investment and we appreciate the efforts of Robert and his team in driving a successful outcome for all stakeholders.”

About HCAP Partners

HCAP Partners (formerly Huntington Capital) was founded in 2000 and is a provider of mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States. HCAP Partners invests $2 million to $9 million in established businesses in the healthcare, technology, services and manufacturing industries generating between $10 million and $75 million in revenues. The firm has invested in over 50 companies since it was founded and proactively works with its portfolio companies to achieve favorable financial outcomes and measurable impact value creation. Partners Tim Bubnack, Morgan Miller, Frank Mora, and Hope Mago lead HCAP Partners’ management team. For more information, please visit http://www.hcapllc.com or call (858) 259-7654.

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Tim Bubnack

Frank Mora
@hcapllc
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