Huntington Capital Fund II, LP (“Huntington” or “Fund II”), a private equity firm focused on growth capital investments in the lower middle-market, is pleased to announce the addition of two new portfolio companies since the beginning of 2009.  Huntington has partnered with new portfolio companies RJE International, Inc and Diamond Contract Services, Inc by providing an initial round of mezzanine capital to support their continued growth financing requirements.  In addition, Huntington furthered demonstrated its’ backing of existing portfolio company Anakam through a combination mezzanine debt and equity follow on investment.

“We are pleased that we continue to both strengthen and diversify our investment portfolio by way of these recent investments,” noted Managing Partner Barry Wilson. “RJE is a company that possesses a solid core business and technology which it has been able to leverage into a unique, life saving, first to market safety application within the swimming pool market.  Diamond Contract is a well established company that maintains a successful track record of operations and management that is strategically positioning itself for continued growth.”“Since our initial investment, Anakam has managed to develop a number of key enterprise partnerships and contract wins.  We are very pleased with the continued progress and acceptance of the Anakam authentication solution, specifically within the Government and Healthcare sectors,” quoted Partner Tim Bubnack.  “The follow on investment is a demonstration of these notable achievements and support for the team.”

About RJE International

RJE International, Inc “RJE” (www.rjeint.com) is a niche manufacturer of water sonar and safety-security applications.  Established in 1991, the company has grown into the world’s leading provider of advanced diver sonar and navigation equipment to the commercial and military sectors, which includes aviation “black box” recovery.  RJE has successfully transferred their knowledge and expertise in mission critical technology to the manufacturing of swimming pool safety equipment with the introduction of the first permanently installed, invisible, SonarGuard swimming pool alarm system. 

About Diamond Contract Services

Diamond Contract Services, Inc “Diamond” (www.diamondcontract.com) is a full service janitorial and building maintenance company specializing in servicing large Government and Educational facilities.  Founded in 1993, Diamond has established a nationwide footprint and customer base in these niche specializations, and today operates with greater than 1,100 full time employees. 

About Anakam

Anakam (www.anakam.com) is an Internet security firm that was founded to address online fraud through innovative software based authentication and identity management solutions.  Anakam delivers two-factor authentication solutions through the use of everyday devices such as cell phones, web connected computers, home phones, and office phones.  By leveraging these already installed devices, Anakam has eliminated the need for the traditional token cards or fobs, and dramatically lowered the cost and reduced the complexity in providing two-factor authentication.  Anakam has developed channel partner relationships in several key markets including: Healthcare, Government, eCommerce, Banking & Finance

Huntington Capital

Based in San Diego, CA, Huntington Capital was established as a leading capital provider to lower middle market growth companies throughout California and the Southwestern United States via a combination of mezzanine and equity investments.  Huntington held a first close in May 2008 on its follow up mezzanine Fund II, and recently announced that it has received $78 million in capital commitments towards its’ $100 million final close target.  Huntington’s management team is led by Partners Morgan Miller, Barry Wilson and Tim Bubnack. For more information please visit the company website at www.huntingtoncapital.com.