Orange County, CA - Capstone Headwaters advised R.C. Rasmussen Corporation and its related entities (“RCR”), a leading supplier of marine products, on an investment in the business by Mangrove Equity Partners LP (Mangrove) and Hunter Equity Capital, LLC (Hunter). Terms of the deal were not disclosed.
RC Rasmussen is a Seattle-based company that rents and sells heavy equipment used in marine-related construction. The Company offers one of the largest fleets of new and used winches in the U.S., along with floats, wire rope, and deck equipment. Charles Rasmussen Sr. founded the family business in the early 1930s when he began building and operating salmon fish traps, which was succeeded by his son Charlie, and subsequently his grandson Richard who successfully grew the business for 50 years. The Company has evolved to now include all equipment necessary to create a complete mooring or lifting/lowering system.