John Warne, CEO of RIE, stated “We chose PNC Mezzanine because of their flexible and partnership approach and over thirty years of experience investing in and working with niche manufacturing and industrial service firms. This experience will help us better serve our existing customer base while expanding our business organically and through acquisition.”
Doug Brosius, Partner at PNC Mezzanine, added “RIE is a great platform investment with an experienced management team, strong value proposition for customer and vendors, and multiple avenues for growth and expansion. We are excited to provide capital, resources and expertise to support management to execute on their strategic growth initiatives.”