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New Canaan, CT – April 6, 2017 – RFE Investment Partners (“RFE”) announced that it has completed the sale of one of its portfolio companies – Wind River Environmental (“Wind River” or “the Company”) to Gryphon Investors (“Gryphon”). Wind River is the leading provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States.

Wind River was founded in 1999 and is headquartered in Marlborough, Massachusetts. Since acquiring the Company in July 2014, RFE worked closely with the management team to complete 15 strategic add-on acquisitions in order to increase the Company’s leadership position in its current markets and expand the geographic markets served. Consistent with RFE’s core value creation initiatives and to support Wind River’s rapid growth, multiple senior leadership searches were also completed over this time period to build out the management team. These efforts resulted in a tripling of EBITDA during RFE’s ownership period.

RFE Managing Director, Jim Parsons, noted, “We are very pleased with the significant growth of Wind River during RFE’s ownership. The Company has built a clear leadership position in the U.S. non-hazardous liquid waste management industry. Wind River is led by a terrific management team and is well positioned to continue its rapid growth.”

Wind River CEO, John O’Connell, said, “Over the last several years, RFE has been a value added partner in our successful growth efforts. We found RFE to be true partners with our management team and their approach has been very collaborative and effective.”

During the transaction, William Blair & Company acted as the financial advisor to Wind River and Finn Dixon & Herling served as legal counsel to the Company.

About Wind River
Wind River Environmental (www.wrenvironmental.com) and its affiliated companies inspect, service, repair and install a broad array of non-hazardous liquid waste systems, including septic tanks, grease traps, pumping and industrial waste systems. The Company offers a full array of services to residential, commercial and municipal systems from Maine to Florida. In 2016, the Company serviced 25,000 commercial and 52,000 residential sites. Operating in the Northeast, Tri-state, Mid-Atlantic and Southeast regions, Wind River has the largest fleet in the industry and all 500+ of Wind River’s team members are graduates of Wind River University, including 350+ technicians.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 19 years and average 24 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

New Canaan, CT – December 13, 2017 – RFE Investment Partners (“RFE”) is pleased to announce that it has completed a recapitalization of ThreeBridge Solutions, LLC (“ThreeBridge” or the “Company”), through which it has acquired a majority ownership interest in the Company. The Company’s founders, CEO Jim Kelly and President Jason Elder, will continue to lead ThreeBridge, and will retain a significant stake in the Company. ThreeBridge provides value-added information technology and business consulting services for a diverse set of Fortune 500 and Fortune 1000 clients in the Midwest. The Company offers solutions in the areas of ERP Integration, Agile Enterprise, Business Transformation, Program Management, Project Delivery, and innovative junior consultant development through its Boom Lab program.

ThreeBridge, headquartered in Minneapolis, Minnesota, is focused on serving the growing market opportunity between global strategic consulting firms and local staffing companies. The ThreeBridge model attractively blends thought leadership and execution expertise to deliver solutions and resources to clients in a highly flexible manner. By making significant investments in training and mentoring programs that support its consultants’ career objectives, interest, and skills, the Company has become the “employer of choice” for consultants within its core markets.

ThreeBridge’s future growth will be driven by a combination of greenfield expansion and completing strategic add-on acquisitions that will further expand its geographic presence and continue to broaden its service offerings with the existing footprint.

“Given RFE’s track record of partnering with management teams to successfully grow their companies to the next level both through organic initiatives and add-on acquisition strategies, it was clear to Jason and I that ThreeBridge and RFE represented an ideal fit,” said CEO Jim Kelly.

“RFE is excited to partner with founders Jim Kelly and Jason Elder, two seasoned industry veterans who are well suited to grow the business and capitalize on the increasing demand for ThreeBridge services,” added Jim Parsons, Senior Managing Director at RFE.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 19 years and average 24 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

New Canaan, CT – February 16, 2018 – Global IFS, a new company specializing in energy efficient flooring solutions, announced its formation today with its portfolio including Camino Systems, Hi-Tech Data Floors, and the Haworth access flooring division, marketed under the name of TecCrete. Global IFS was formed to be the North American leader in raised flooring systems, that includes access flooring, modular power and underfloor air distribution products. The combined business will now have state of the art manufacturing capabilities in both the U.S. and Canada, along with a widespread distribution network and a comprehensive suite of services including engineering, project management and installation. Haworth will continue to have a minority ownership position in Global IFS and, through its dealers, collaborate on future projects.

“With manufacturing plants in Kentwood, Michigan, and Toronto, Ontario, Global IFS unites manufacturing and distribution excellence to create the North American leader of raised flooring system solutions,” said Darryl Rosser, Global IFS Executive Chairman. “The company has unparalleled knowledge and expertise in delivering solutions for high performing, flexible and sustainable buildings that maximize return on investment.”

The TecCrete product line is a recognized industry standard in the raised access floor market for its performance and flexibility. Raised access floors and underfloor air provide the architectural foundation for today’s sustainable offices, higher education, data center and gaming floor spaces that are responsive, cost-efficient and design savvy. “Raised access flooring continues to be a significant component of Haworth’s organic workspace promise and we are excited about ongoing applications in our portfolio,” said Franco Bianchi, Haworth President and CEO. “Through our dealers, we will partner with and support Global IFS in the market and continue to showcase its products in our showrooms.”

Hi-Tech has been a TecCrete dealer for the past 8 years and has been a leader in providing access flooring and related products for many of the major metropolitan areas in the northeastern United States since 1986. “Having the ability to offer end-to-end complete solutions is a game changer in the raised access market. We look forward to providing new products that meet the ever-changing needs of our dealers and customers,” said Bob McCrossan, President of Hi-Tech. “An innovative leader in our industry is long overdue.”

Camino Systems has been a raised access flooring systems leader, including underfloor air and modular power distribution, in Canada for the past 25 years. Camino has been a TecCrete dealer for the past 13 years and operates a manufacturing facility with showroom, sales and service offices in Toronto, ON.

Global IFS is poised to position itself at the forefront of the sustainable building products market and will provide the most comprehensive offering of integrated flooring system solutions: multiple raised access flooring lines, modular plug and play power solutions, and a full line of underfloor air distribution components. The company’s dedicated in-house resources will play an active role in assisting its North American distribution network to design custom solutions to meet client needs. Global IFS and its dealer base provide complete consultation, sales support, in-house engineering, project management and installation services in nearly any commercial or residential application, offering a single point of contact and one-stop solution.

Global IFS is a portfolio company of RFE Investment Partners and Cornerstone Capital Partners.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 20 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

New Canaan, CT – April 4, 2018 – RFE Investment Partners (“RFE”) has sold its portfolio company, Atrenne Integrated Solutions, Inc. (“Atrenne” or the “Company”), to Celestica Inc.(NYSE, TSX:CLS).

Atrenne is a leading designer and manufacturer of ruggedized electromechanical solutions serving multiple markets, primarily for military and commercial aerospace applications. Atrenne’s integrated solutions serve a full spectrum of next-generation, mission-critical applications on over 100 military and aerospace programs deployed globally. Its proprietary designs enable high-performance defense and security platforms to operate in harsh environments and support the continued growth of commercial aviation with the highest levels of quality and safety.

Headquartered in New Hope, Minnesota, Atrenne originated from the combination of CBT Technology, AbelConn and SIE Computing Solutions in July of 2014. The combination expanded the Company’s value proposition to customers and allowed for the delivery of custom rugged electromechanical solutions globally to its customers across commercial aviation, military and defense, telecom and networking and other industrial markets. RFE and management worked in tandem to ensure seamless integration of the entities, creating value and ultimately yielding the successful sale of the business.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

New Canaan, CT – June 22, 2018 – RFE Investment Partners (“RFE”) has sold its portfolio company, ShelterLogic Corp. (“ShelterLogic” or the “Company”), to Webster Capital. As part of the acquisition, Webster Capital formed ShelterLogic Group, which comprises ShelterLogic Corp., Sojag and RIO Brands. The ShelterLogic management team will continue to lead the newly formed organization.

Headquartered in Watertown, Connecticut, ShelterLogic is the leading developer, manufacturer and distributor of a wide variety of shade, shelter, and outdoor storage products across the globe. With established global manufacturing, sourcing and distribution infrastructure in North America and China (including two owned production facilities in China), the Company has leveraged its value proposition to establish decades-long relationships across a diverse array of retail channels, such as home improvement, farm & fleet, mass, automotive, and sporting goods across both brick-and-mortar and e-tailers. ShelterLogic’s sophisticated distribution capabilities uniquely allow the Company to provide a comprehensive ecommerce solution to drive online sales for both brick-and-mortar and e-tailer customers.

ShelterLogic further consolidated its market leadership and distribution reach through its acquisition of Arrow Products in 2015, the #1 brand in the U.S. steel shed market, and QuikShade in 2017, the #1 brand in the U.S. pop-up canopy market. The combined Company formed the leading supplier of outdoor storage products. RFE and management worked seamlessly to build a proven acquisition platform with a global distribution infrastructure and comprehensive shipping capabilities, resulting in significant value creation and a successful sale process.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

Chicago, Illinois – June 28, 2018 – EnsembleIQ announced today that it has purchased substantially all of the media, digital and event assets from New York City-based Lebhar-Friedman. Launched in 1925, the third-generation family business produced several leading retail brands including DRUG STORE NEWS, CHAIN STORE AGE and HARDWARE AND BUILDING SUPPLY DEALER.

The transaction also includes Chain Store Age’s SPECS and X/SPECS, two strategic events focused on physical retail that bring together the nation’s top retailers and suppliers to learn, share ideas, develop business partnerships and solve problems.

The Lebhar-Friedman brands will operate under the EnsembleIQ umbrella, and will continue to be led by Senior Vice President John Kenlon and his management team including Gary Esposito, Eric Savitch and Seth Mendelson. President and CEO, Randall Friedman will serve in an advisory role during the transition, and Chairman Roger Friedman will devote his time to new ventures.

“We’re thrilled to have these iconic brands and talented employees join the EnsembleIQ family,” said David Shanker, CEO of EnsembleIQ. “Adding chain drug, hardware and store operations reach and expertise provides our collective subscribers and customers with a comprehensive view of retail insights and information throughout the United States and Canada.”

“The company that my grandfather Arnold founded and my father Roger ran for many years has always been focused on the retail industry,” said Randall Friedman. “The fact that EIQ also has great brands and deep expertise in retail makes me very optimistic that the LF roots will continue to grow and bear fruit in the years to come under EIQ’s stewardship.”

EnsembleIQ is a premier business intelligence resource that exists to help people and their organizations succeed. It is structured to serve the business-to-business needs of retailers, consumer goods manufacturers, technology providers, hospitality and healthcare professionals, marketing agencies and retail service providers by using its integrated network of media and information resources designed to inform, connect and provide actionable marketplace intelligence.

EnsembleIQ is a portfolio company of RFE Investment Partners, a private equity investor with more than 30 years of experience investing in growth companies in partnership with strong management teams. Information on RFE can be found at https://www.rfeip.com/.

Berkery Noyes served as the exclusive financial advisor to Lebhar-Friedman.

For additional information, please contact:

Korry Stagnito
Chief Brand Officer
EnsembleIQ
224-632-8171
[email protected]

Randall Friedman
President & CEO
Lebhar-Friedman
212-756-5003
[email protected]

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

November 07, 2018 08:30 AM Eastern Standard Time

MINNEAPOLIS (BUSINESS WIRE) – ThreeBridge Solutions, a strategic provider of business and IT consulting solutions, announced this morning that they have reached an agreement to acquire BlueLine Associates, a national people, process, and technology transformation consultancy headquartered in Tampa, Florida.

This acquisition deepens ThreeBridge’s Business Transformation solution, adding key competencies in Continuous Improvement as a Service, Rapid Cycle Improvement, Robotic Process Automation, and Lean Management Systems.

“We are very excited to be joining forces with BlueLine. Rocky and his team have built an amazing reputation for simplifying and accelerating complex process improvement initiatives to drive real value for their clients, and we are thrilled to extend that same capability to ThreeBridge clients,” states Jim Kelly, ThreeBridge Founder and CEO.

With the addition of BlueLine’s Business Transformation expertise, ThreeBridge will be better-enabled to bring end-to end Business Transformation capabilities to their clients nationwide by developing holistic, forward-thinking strategies across their core solutions.

“This is a very exciting day for our organization, and I am beyond thrilled to combine our collective expertise. It’s a rare thing to have two organizations so similarly aligned in our corporate value with absolute dedication to our clients, employees, and communities,” states Rocky Silvestri, BlueLine President and CEO.

“We are thrilled to have Rocky and his team join ThreeBridge. BlueLine will be a great addition to the ThreeBridge platform and will bring exciting new solution capabilities as well as several new markets.” Paul Schilpp, RFE Investment Partners, Managing Director

ThreeBridge Solutions is a national provider of Talent, Training, and Advice within their core solutions: Business Transformation, Cloud Enablement, Digital, and Smart Data. This acquisition significantly expands their Business Transformation capabilities, integrating strategy with execution to accelerate the delivery of value for their clients. Nationally, ThreeBridge has over 500 consultants across 90 clients, and is growing rapidly through building new capabilities and expanding geographies. For more information regarding this acquisition, please contact ThreeBridge Public Relations at [email protected]

Contacts
RFE Investment Partners
Paul Schilpp, 203-966-2800
[email protected]

ThreeBridge Solutions
Ashley Adams, 612-424-2401
[email protected]

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

October 19, 2020

RFE Investment Partners (“RFE”) is pleased to announce the promotion of Sean Gillick to Principal.

Sean originally joined RFE in 2010 as an Associate. After his first three years with RFE, Sean left to attend Harvard Business School.  Upon completion of the Harvard MBA program, Sean rejoined RFE as a Vice President in 2015.

Sean is a highly valued member of the RFE investment team with deep knowledge in private equity, capital markets, finance, data analytics, business diligence, and operations know-how – all vital skill sets as RFE works with small market companies to execute aggressive organic and M&A growth plans.

Sean has most recently helped lead RFE Fund IX investments in Friendly Home Services – a residential services build-up, as well as ZRG Partners – a human capital services company.  Sean is also very active in multiple other RFE portfolio companies including PCX Aerosystems, PureRED Integrated Marketing, and Hastings Manufacturing – where Sean serves on the Board of Directors.

Prior to RFE, Sean spent three years with the investment banking boutique Harris Williams & Co., focused on M&A advisory services for small market companies.  While at Harris Williams, he assisted on the sale of medDispense, BiltBest Products, and Financial Transaction Services.

Sean earned his Bachelor of Business Administration in Finance and in Government at The College of William & Mary.

About RFE Investment Partners

RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in North America.  RFE is a long standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market.  RFE’s investment strategy is to acquire well-managed and growing small market companies at attractive prices and prepare them for exit to middle market strategic and private equity acquirers. RFE is currently investing out of Fund IX.  For more information, please visit www.rfeip.com.

 

RFE Investment Partners is pleased to announce that its portfolio company, ZRG Partners, the world’s fastest-growing executive search/talent recruitment firm since 2018, recently completed a major move into sports, entertainment & media with the blockbuster acquisition of Turnkey Search, the sports industry’s top executive search/talent recruitment firm. All Turnkey staff and assets merge into ZRG, (renamed “TurnkeyZRG”) and will continue to be led by Len Perna, the founder, chairman, and CEO of Turnkey. Turnkey will now adopt ZRG’s tech-enabled, data-driven approach to search.

“We landed the best sports executive search firm, and the No. 1 talent recruiter in Len Perna,” said Larry Hartmann, CEO of ZRG Partners. “Len started Turnkey 25 years ago, and consistently won gold-standard clients from billion-dollar competitors. Along the way, Turnkey cemented a reputation for integrity, accountability, and prioritizing diversity long before others.”

About ZRG:
ZRG Partners is a global retained executive search company successfully filling a void in the middle part of the market with a unique, scalable, and data-driven approach. RFE partnered with Management to build ZRG into a global diversified human capital company with best of breed practice leadership in all major global markets, verticals, and functional areas with a suite of ancillary human capital offerings to cross-sell to clients worldwide. Since 1999, ZRG’s data-driven approach to executive and professional search has been changing the way its clients think about acquiring top talent. For over 20 years, clients have trusted ZRG to recruit top talent around the world. Today, ZRG is recognized as the fastest-growing global search firm and provides a full suite of retained executive management and customized talent solutions through its locations in North America, South America, Europe, the Middle East, and Asia. The Turnkey acquisition represents ZRG’s fourth acquisition since being acquired by RFE Investment Partners. For more information, please visit www.zrgpartners.com.

ZRG is actively seeking acquisitions of retained and interim search, recruitment process outsourcing and human capital consulting organizations.

About RFE Investment Partners:
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in North America. RFE is a long standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to acquire well-managed and growing small market companies at attractive prices and prepare them for exit to middle market strategic and private equity acquirers. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

Congruity Adds Industry Veteran Mike Maseda as Executive Chairman

RFE Investment Partners, a Connecticut-based private equity firm, in partnership with Weave Growth, announced today that they completed a recapitalization investment in Congruity HR, a professional employer organization (PEO) that provides HR outsourcing solutions to small and mid-sized businesses (“SMBs”) across the U.S. The company will continue to operate as Congruity HR led by Darrin Hunter, the founder, and the same management team who will remain a significant part of the ownership structure.

“We are excited about this partnership and the opportunity to accelerate our growth trajectory,” Hunter said. “RFE’s resources, track record, and history of partnering constructively with management made them a perfect partner for us.”

Mike Maseda, who has scaled two large platforms in the PEO industry, has joined the team as the Executive Chairman of Congruity Group Inc., the parent company of Congruity HR. The holding company will look to invest in other regional PEO brands and operators.

About Congruity HR PEO
Congruity HR PEO delivers comprehensive HR solutions to small and mid-sized businesses nationwide, sharpening their competitive advantage. Comprised of respected industry executives and certified HR professionals, Congruity HR provides hands-on, expert human resource services to reduce administrative burdens, ensure compliance with employer regulations, and effectively manage employment cost. The company’s extensive HR service offering includes a full range of health and workers’ compensation insurance products, tax administration, risk management services, and advanced technology.

About Weave Growth Partners
Weave Growth Partners is a private investment firm based in Silicon Valley, founded by experienced investors, entrepreneurs, and operators. Weave partners with management teams of profitable, middle-market businesses to bring a technology-enabled playbook of analytics and automation to transform their operations.

About RFE Investment Partners:
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in North America. RFE is a long standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to acquire well-managed and growing small market companies at attractive prices and prepare them for exit to middle market strategic and private equity acquirers. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com