RLJ
Private equityBethesda · Growth · 4 people tracked
Also known as Rlj Equity Partners, Llc
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Investment thesis
RLJ Equity Partners is a middle-market private equity firm pursuing long-term capital appreciation by investing in profitable, growing companies with strong management. Its strategies span traditional buy-outs, recapitalizations, growth equity infusions, and add-on acquisitions. RLJ primarily targets North American companies with enterprise valuations between $25 million and $100 million, deploying $10 million to $30 million per transaction, while retaining the ability to pursue larger deals alongside strategic partners. The firm looks for opportunities to partner with proven, motivated management teams and create value through a mix of strategic capital and operational expertise.
Source: firm website, verified Sep 29, 2026.
Team · 4 people
from the firm's websiteWhat they invest in
from 18 of 22 portfolio companiesEnterprise Software ×5Advanced Manufacturing ×3Logistics & Supply Chain ×3Media & Entertainment ×3SaaS ×3AgTech ×2AI & Machine Learning ×2Circular Economy ×2
HQs:United States×7Brazil×1Ireland×1Mozambique×1
Investments · 22 tracked
founders shown can be your intro pathAccenture is a global professional services company providing consulting, technology, and outsourcing services, including AI adoption, cloud, cybersecurity, and digital transformation for enterprises across industries.
AI & Machine LearningCloud ComputingEnterprise SoftwareDublin, IE
Julie Sweet(Chair & CEO)in
Co-investorsAngels4WomeninfoShareTeamworthy VenturesWork-BenchLerer Hippeau
EnviroVac, known as "The Clean Company," provides industrial and environmental cleaning services including vacuum truck material recovery, fugitive dust removal, soil excavation, chemical cleaning, waste transport and disposal, and video inspection.
Circular EconomyCleantech
Crossfuze is a ServiceNow Elite Partner that provides implementation, integrations, analytics, and managed services to help businesses adopt and scale the ServiceNow platform for digital transformation.
Cloud ComputingEnterprise SoftwareSaaS
ERC Global is a business process outsourcing (BPO) provider offering customer experience services including customer care, back office support (fraud solutions, claims and document processing), and sales and retention across industries such as energy, insurance, media, financial services, retail/ecommerce, and travel.
Enterprise SoftwareSaaS
Fleischmann's Vinegar Company produces commercial vinegar and all-natural specialty ingredient products for the food and agriculture sector.
Advanced ManufacturingAgTechFoodTech
Flow Service Partners is a provider of HVACR and plumbing services that acquires and partners with local service businesses, letting owners keep their local brand and operational autonomy while gaining centralized support.
Construction TechEnterprise SoftwareNashville, US
Chip AltstadtRyan Lewis
GrowersHouse is a hydroponics and indoor-cultivation supply retailer offering grow equipment such as tents, lighting, carbon filters, nutrients, and growing media, along with horticulture consulting.
AgTechE-commerceRetail TechTucson, US
Immediaship is a freight and shipping services provider offering carrier relationships, freight management, daily tracking, bill audits, and claim management for businesses shipping goods across multiple industries.
Logistics & Supply Chain
Specialized Transport (ST) provides logistics and freight services for project cargo, out-of-gauge loads, liquid fuel, dangerous goods, and bulk aggregates, operating a tipper fleet across project sites.
Logistics & Supply Chain
A manufacturer of highly-engineered, mission-critical precision components, including engine components, serving customers in demanding industries such as aerospace and defense.
Advanced ManufacturingDefense TechHardware
MarketCast provides ad testing and measurement solutions that predict and validate advertising creative performance across CTV, social, digital, and linear platforms.
AdTechAI & Machine LearningData & InfrastructureMarketing TechMedia & Entertainment
Lana Busignani(Chief Executive Officer)inPaul Shortley(Chief Revenue Officer)inKerel Cooper(Chief Marketing Officer)inPaul Forgue(Chief Financial Officer)inRegina Johnson(Chief Human Resources Officer)Aditi Sinha(EVP, Global Technology & Operations)in
Co-investorsShamrock Capital
Media Source operates a group of businesses providing reading and information services, curated children's literature, and reading programs to K-12 teachers and library leaders across the US.
EdTechMedia & Entertainment
Native Maine Produce & Specialty Foods is a wholesale food distributor delivering fresh produce, meats, dairy, cheeses and specialty foods to commercial kitchens, sourcing from over 140 local farms and vendors alongside imported specialty goods.
B2B MarketplacesFoodTechLogistics & Supply ChainWestbrook, US
Naylor provides association management solutions—including member communications and publishing, event management, career centers, membership software, and data research—for trade and professional associations.
Enterprise SoftwareMedia & EntertainmentSaaS
Ogle School is a cosmetology and esthetics school offering full-time and part-time programs that combine hands-on beauty training in salon-modeled student clinics with business, wellness, and financial-literacy instruction.
EdTechWellness & Fitness
Pro-Vac provides soil disturbance, relocation, sewer flushing, and pipe protection services including cathodic and epoxy coating across multiple industrial sectors including pulp mills, paper mills, and oil and gas operations.
Advanced ManufacturingCircular EconomyCleantechConstruction TechTacoma, US
Graham Gill(CEO)in
Co-investorsGallant Capital
Tok&Stok is a Brazilian retailer of furniture and home and office accessories, offering decor products with design at accessible prices.
ConsumerE-commerceRetail TechSão Paulo, BR
Co-investorsACE & Company
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Best Parking Lot CleaningCvcGet HealSharefileThompsontruckinginc
Fund performance · per public LP disclosures · 7
as of Mar 2023| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| RLJ Equity Partners Fund II, L.P.LPs: Baltimore City Employees' Retirement System | 2019 | — | 8.4% | 1.20x | 0.30x |
| RLJ IILPs: Chicago Teachers' Pension Fund | 2016 | — | 7.8% | 1.30x | 0.25x |
| RLJ Equity Partners Fund I, L.P.LPs: New York City Employees' Retirement System, Teachers' Retirement System of the City of New York | 2007 | — | 5.2% | 1.26x | 1.16x |
| RLJ Real Estate Fund III, L.P.LPs: North Carolina Retirement Systems | 2007 | — | 9.6% | 1.41x | 1.41x |
| RLJ Lodging Fund II, L.P.LPs: North Carolina Retirement Systems | 2006 | — | 3.6% | 1.25x | 1.25x |
| RLJ Lodging Fund I, L.P.LPs: North Carolina Retirement Systems | 2004 | — | 52.9% | 1.99x | 1.99x |
| RLJ Lodging Fund I, L.P. (Closed)LPs: North Carolina Retirement Systems | 2004 | — | 2.9% | 1.00x | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has RLJ made?
- RLJ has 22 tracked investments, 1 of which have exited.
- What stage does RLJ invest at?
- RLJ invests at the Growth stage.
- What is RLJ's typical check size?
- RLJ typically writes checks of $10M – $30M.
- What sectors does RLJ focus on?
- RLJ focuses on Sector Agnostic.
- Where is RLJ located?
- RLJ is headquartered in Bethesda, US.
- Who does RLJ co-invest with?
- RLJ most often shares deals with Angels4Women, Shamrock Capital, Starwood Capital Group, among 7 tracked co-investors.
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