LongWater Partners with Industry Executives to Form Cypress Rail Solutions
LongWater today announced the formation of Cypress Rail Solutions (“Cypress”), a new railcar services company that it formed in partnership with longtime industry executives Randy Meyer and Brian Trammell. Today, Cypress announced its first acquisition: certain railcar maintenance assets of Northern Plains Rail Services (“Northern Plains”), a diversified provider of rail services. Cypress plans to build a significant railcar services platform through additional expansion and investment.
LongWater Opportunities Launches Private Credit and Capital Solutions Strategy
LongWater Opportunities, LLC (“LongWater”), a lower middle market alternative asset manager, today announced the launch of a new dedicated private credit and capital solutions strategy focused on the lower-middle market. To drive the strategy, LongWater has hired a team of eight seasoned and highly successful private investment professionals who previously led and managed the Private Debt and Equity Group of Reinsurance Group of America (RGA), a global reinsurance company. The group will be known as LongWater Private Credit and Capital Solutions and will continue to be headed by Kevin Prunty, who will serve as its Senior Managing Director.
LongWater Opportunities Announces Investment In Midland Garage Door
LongWater Opportunities is pleased to announce that it has partnered with Midland Garage Door, a leading manufacturer of commercial and residential garage doors, through a strategic investment in the Company. Founded in 1979, Midland has grown to become one of the largest providers of sectional garage doors sold throughout the Midwest.
LongWater Opportunities Announces Acquisition of Interia, Studio E/L
LongWater Opportunities, a private equity firm with offices in Dallas, TX and Fargo, ND, is pleased to announce the acquisition of Interia Hospitality and Studio E/L, two leading art consultants, publishers, and manufacturers of customized art packages sold into a variety of commercial end markets including hospitality, healthcare, senior living, and corporate spaces.
LongWater Opportunities Acquires Thermotec Glass
LongWater Opportunities, a private equity firm with offices in Dallas, TX and Fargo, ND, is pleased to announce the acquisition of Thermotec Glass, a leading fabricator of custom glass products in Central and South Texas. Acquired by Luis Najarro in 2008, Thermotec has consistently grown by providing its loyal customer base of glaziers and installers quality products and top-notch customer service.
LongWater Opportunities Announces Acquisition of Pistil Designs
LongWater Opportunities is pleased to announce the acquisition of Pistil Designs, a leading designer of premium headwear, bags, and related outdoor apparel and accessories. Founded in 2003, Pistil has grown to become a highly recognized brand name in the outdoor apparel space that is known for producing premium, design-focused products that are sold through a variety of major outdoor retailers, regional apparel outfitters, and eCommerce channels.
LongWater Opportunities Closes $100M Institutional Fund
LongWater Opportunities, a private equity firm based in Dallas, TX and Fargo, ND, announced the closing of its third fund, LWO Fund III, LP, an institutional fund. LongWater exceeded its $100 million target, receiving strong support from both new and existing investors.
LongWater Opportunities sells portfolio companies San Benito Shutter and Lewis Cabinet Specialties
LongWater Opportunities is pleased to announce the sale of two of its portfolio companies, San Benito Shutter and Lewis Cabinet Specialties, to Monument Microcap Partners. San Benito Shutter (SBS), founded in 1991 in Hollister CA, is a distributor of premium plantation shutter components sold into the residential and commercial window covering markets.
LongWater Opportunities Announces Acquisition of XCaliber Container
LongWater Opportunities is pleased to announce the acquisition of XCaliber Container, a leading provider of shipping containers and custom-fabricated container structures across the greater Midwest. Founded in 2014, XCaliber has enjoyed tremendous organic growth in the seven short years since co-owners Justin Shubert and Brent Isom delivered their first custom container to a rancher in Loving, TX.
LongWater Opportunities Announces First Close of LWO Fund III, LP
LongWater Opportunities announced the first closing of its third fund, LWO Fund III, LP, a $100 million fund. With $53 million committed in the first closing, LWO has received strong support from existing and new investors, including a diverse group of individuals, prominent family offices, and institutions. As was the case in its previous fund, the LWO team will continue to be the largest investor in the fund.
LongWater Opportunities Announces Acquisition of Soho Myriad
LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Soho Myriad, Inc. ("Soho Myriad"), a consultant, curator, and manufacturer of custom art packages, from Janie Stanfield, who co-founded the business in 1995.
LongWater Opportunities Announces Acquisition of Lewis Cabinet Specialties
LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Lewis Cabinet Specialties Group, LLC (“Lewis Cabinet” or the “Company”), a manufacturer of custom cabinets, from the Lewis family, who founded and have managed the business since its inception in 1990.
LongWater Opportunities Announces Acquisition of Kalisher
LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Kalisher from the founders. Kalisher was founded by Jesse and Helen Kalisher in 2004 in a spare bedroom of their home in Carrboro, NC. Today, with more than 100 employees across 3 continents, Kalisher is one of the world’s leading creators, curators, and manufacturers of art for the commercial hospitality industry.
'Socktoberfest' Draws Thousands to Northeast Iowa Town
Over the course of three days, thousands of people flooded this small town in northeast Iowa to purchase them: Hiking socks, skiing socks, tube socks and dozens of other varieties. The self-proclaimed "Socktoberfest," put on by Osage's local sock factory, has grown into a unique Iowa tradition, reaching near-festival proportions.
Why One CEO Put His Faith in Private Equity
When Jeff Forbus, the CEO and owner of Circuitronics, a 37-year-old electronic manufacturing services company, decided his business was ready for outside capital, he wasn’t sure that private equity was the right fit. But after meeting with two young investors, he put his uncertainty aside and decided to take a big leap.
LongWater Opportunities Announces Acquisition of Fox River Mills
LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Fox River Mills, Inc. (“Fox River” or the “Company”), a 116-year-old sock manufacturer, from the Lessard family, who have owned and managed the business since 1975.
LongWater Opportunities Closes Second Fund Oversubscribed
LongWater Opportunities, a Dallas-based operationally-focused buyout firm, announced today that it has closed on its second equity fund, LWO Fund II, LP, a vehicle focused on control investments in lower middle market U.S. based manufacturing companies. LongWater completed its fundraising process in just under nine months and was oversubscribed on its $50 million target.
LongWater Opportunities Announces Acquisition of San Benito Shutter Company
LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of San Benito Shutter Company in partnership with Bill and Michele Lee, who have led the business since its inception 26 years ago.
LongWater Opportunities Announces Acquisition of Standard Merchandising Co.
LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Standard Merchandising Co. (“SMC”) from Jeff and Lee Tarnoff, third-generation proprietors who have been leading the 93-year-old family business for the past 40 years.
LongWater Opportunities Announces Acquisition of M3 Glass Technologies
LongWater Opportunities, an operationally‐focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of M3 Glass Technologies in partnership with the Mammen family.