Texas Capital Securities Advises RRC Companies
Published on Jun 29, 2026
Texas Capital Securities (“TCS”) is pleased to announce that RRC Companies (“RRC,” or the “Company”), a leading provider of full-scope engineering services to the power & energy sector, has received a majority growth investment from New Mountain Capital (“NMC”), a leading growth-oriented investment firm. RRC’s management team and employees will retain a meaningful ownership stake in the Company. The partnership positions RRC to accelerate its growth and scale a differentiated, full-lifecycle engineering platform at the center of the energy transition.
Texas Capital Securities (“TCS”) is pleased to announce that RRC Companies (“RRC,” or the “Company”), a leading provider of full-scope engineering services to the power & energy sector, has received a majority growth investment from New Mountain Capital (“NMC”), a leading growth-oriented investment firm. RRC’s management team and employees will retain a meaningful ownership stake in the Company. The partnership positions RRC to accelerate its growth and scale a differentiated, full-lifecycle engineering platform at the center of the energy transition.
Founded over 20 years ago and headquartered in Texas, RRC Companies is a full scope engineering and consulting firm serving asset owners and EPC contractors across the power & energy landscape, including solar, energy storage, wind, oil & gas, and data center infrastructure. The Company’s integrated platform spans engineering, land surveying, field services, construction materials testing, SCADA, and equipment calibration, supporting clients throughout the entire project lifecycle, from development through commissioning and to ongoing operations. Backed by a highly skilled workforce and a distinctive, high performance culture, RRC has built a reputation for technical excellence and reliability with leading asset owners and EPCs across the United States and Canada.
New Mountain Capital is a New York-based investment firm that pursues long-term capital appreciation by emphasizing business building and growth, rather than excessive risk. NMC manages private equity, strategic equity, credit, GP led secondaries, and net lease real estate strategies with approximately $60 billion in assets under management. The firm has a deep and successful track record of investing in and scaling leading companies across the infrastructure services and engineering & consulting industries. As part of its long-standing sector effort in infrastructure services, New Mountain has built differentiated, industry-leading organizations alongside founders and management teams. In connection with the investment, RRC appointed Dr. Hisham Mahmoud, an industry leader and Senior Advisor at New Mountain, as Chairman of the Board, bringing proven operating leadership to RRC’s next phase of growth.
The investment comes as the power & energy sector enters a period of historic growth. Surging electricity demand, driven by data center and AI infrastructure, broad electrification, and the continued build out of renewables and energy storage, is straining the grid and driving demand for the scarce, multidisciplinary engineering and technical talent needed to move projects from queue to operations. That is precisely the expertise RRC offers, anchoring the Company within a dynamic landscape and providing a platform designed to fully capitalize on these structural tailwinds. In a highly fragmented market, and with NMC’s capital, sector relationships, and proven playbook for scaling infrastructure-services platforms, RRC is positioned to broaden its capabilities, expand its geographic footprint, and grow both organically and through acquisition, building a scaled, diversified, and full-lifecycle engineering platform for the energy transition.
Texas Capital Securities served as exclusive financial advisor to RRC Companies. The transaction further strengthens the Texas Capital Engineering, Industrial, & Technical Services (“EI&TS”) team’s leadership across the engineering and professional services universe. Texas Capital’s EI&TS practice spans construction services, infrastructure services, program & construction management, testing & inspection, industrial services, residential & facility services, engineering & design, and specialty construction.
If you would like more information about Texas Capital Securities or have questions regarding the firm’s role in this transaction, please contact one of the team members listed below.
Mark Dufilho
Managing Director
Head of M&A and Advisory
214.682.2522
[email protected]
Gabriel Gerenstein
Managing Director
M&A and Advisory
343.473.7290
[email protected]
Hunter Fallin
Executive Director
M&A and Advisory
214.417.4588
[email protected]
About Texas Capital Securities
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). TCBI Securities, Inc., doing business as Texas Capital Securities, is a subsidiary of Texas Capital Bancshares, Inc., and an affiliate of TCB. TCBI Securities, Inc. is a member of FINRA and SIPC and has registered with the SEC, MSRB, and other state securities regulators as a broker dealer. Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, Texas Capital is headquartered in Dallas with offices and financial centers in Austin, Houston, San Antonio and Fort Worth and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. Deposit and lending products and services are offered by TCB. For deposit products, Member FDIC. For more information, please visit texascapital.com.
Texas Capital Securities (“TCS”) is pleased to announce that RRC Companies (“RRC,” or the “Company”), a leading provider of full-scope engineering services to the power & energy sector, has received a majority growth investment from New Mountain Capital (“NMC”), a leading growth-oriented investment firm. RRC’s management team and employees will retain a meaningful ownership stake in the Company. The partnership positions RRC to accelerate its growth and scale a differentiated, full-lifecycle engineering platform at the center of the energy transition.
Founded over 20 years ago and headquartered in Texas, RRC Companies is a full scope engineering and consulting firm serving asset owners and EPC contractors across the power & energy landscape, including solar, energy storage, wind, oil & gas, and data center infrastructure. The Company’s integrated platform spans engineering, land surveying, field services, construction materials testing, SCADA, and equipment calibration, supporting clients throughout the entire project lifecycle, from development through commissioning and to ongoing operations. Backed by a highly skilled workforce and a distinctive, high performance culture, RRC has built a reputation for technical excellence and reliability with leading asset owners and EPCs across the United States and Canada.
New Mountain Capital is a New York-based investment firm that pursues long-term capital appreciation by emphasizing business building and growth, rather than excessive risk. NMC manages private equity, strategic equity, credit, GP led secondaries, and net lease real estate strategies with approximately $60 billion in assets under management. The firm has a deep and successful track record of investing in and scaling leading companies across the infrastructure services and engineering & consulting industries. As part of its long-standing sector effort in infrastructure services, New Mountain has built differentiated, industry-leading organizations alongside founders and management teams. In connection with the investment, RRC appointed Dr. Hisham Mahmoud, an industry leader and Senior Advisor at New Mountain, as Chairman of the Board, bringing proven operating leadership to RRC’s next phase of growth.
The investment comes as the power & energy sector enters a period of historic growth. Surging electricity demand, driven by data center and AI infrastructure, broad electrification, and the continued build out of renewables and energy storage, is straining the grid and driving demand for the scarce, multidisciplinary engineering and technical talent needed to move projects from queue to operations. That is precisely the expertise RRC offers, anchoring the Company within a dynamic landscape and providing a platform designed to fully capitalize on these structural tailwinds. In a highly fragmented market, and with NMC’s capital, sector relationships, and proven playbook for scaling infrastructure-services platforms, RRC is positioned to broaden its capabilities, expand its geographic footprint, and grow both organically and through acquisition, building a scaled, diversified, and full-lifecycle engineering platform for the energy transition.
Texas Capital Securities served as exclusive financial advisor to RRC Companies. The transaction further strengthens the Texas Capital Engineering, Industrial, & Technical Services (“EI&TS”) team’s leadership across the engineering and professional services universe. Texas Capital’s EI&TS practice spans construction services, infrastructure services, program & construction management, testing & inspection, industrial services, residential & facility services, engineering & design, and specialty construction.
If you would like more information about Texas Capital Securities or have questions regarding the firm’s role in this transaction, please contact one of the team members listed below.
Mark Dufilho
Managing Director
Head of M&A and Advisory
214.682.2522
[email protected]
Gabriel Gerenstein
Managing Director
M&A and Advisory
343.473.7290
[email protected]
Hunter Fallin
Executive Director
M&A and Advisory
214.417.4588
[email protected]
About Texas Capital Securities
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). TCBI Securities, Inc., doing business as Texas Capital Securities, is a subsidiary of Texas Capital Bancshares, Inc., and an affiliate of TCB. TCBI Securities, Inc. is a member of FINRA and SIPC and has registered with the SEC, MSRB, and other state securities regulators as a broker dealer. Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, Texas Capital is headquartered in Dallas with offices and financial centers in Austin, Houston, San Antonio and Fort Worth and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. Deposit and lending products and services are offered by TCB. For deposit products, Member FDIC. For more information, please visit texascapital.com.