Mangrove Equity Partners has invested in RC Rasmussen Corporation, a niche marine equipment provider in Seattle, to optimize operations and capitalize on growth opportunities in the marine infrastructure sector.

Information on the Target

RC Rasmussen Corporation, based in Seattle, WA, specializes in providing niche marine equipment for both rental and sale. The company has established itself as a key player in the North American market, primarily servicing the marine infrastructure construction, repair, and dredging sectors. With over 80 years of family ownership, RC Rasmussen has developed a reputation for reliability and quality within its industry.

The leadership of RC Rasmussen is now under the guidance of Rick Rasmussen, a fourth-generation family owner, who is committed to driving the company towards new growth opportunities while retaining its core values. This continuity of leadership is pivotal as the company navigates the evolving landscape of the marine equipment market.

Industry Overview in the United States

The marine equipment rental and sales industry in the United States has shown resilient growth, bolstered by continuous investment in infrastructure and demand for specialized equipment. As the U.S. econom