LongWater Opportunities Announces Acquisition of M3 Glass Technologies
Irving, Texas, November 10, 2015 — 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 (existing management and the founders). The Mammen family will retain meaningful ownership of the Company they built and will continue to manage the growth of M3 in partnership with LongWater.
Founded by J.H. and Lorene Mammen in 1956 in Irving, Texas, M3 Glass Technologies (www.m3glass.com) is a leading premium fabricator of architectural glass used across a variety of custom building and decorative applications throughout the U.S. and many countries around the world. Over the past 60 years, the Company has remained focused on staying ahead of the competition by putting the customer first and investing in the most progressive glass fabrication and decoration equipment in the world. Through its world‐class fabrication capabilities, which include tempering, bending, laminating, CNC fabrication, back painting, and direct to glass digital printing, M3 is able to present a turnkey product offering to its diverse customer base. The Company offers a wide range of custom glass products, including shower doors and panels, handrails, stair treads, flooring, decorative back painted and printed walls, heavy structural glass, and glass marker boards, among others. M3’s products can be found across many sectors, including single and multi‐family residential, office buildings, sports stadiums, hospitality and lodging, colleges and universities, and retail.
M3 Glass Technologies is the first investment in LongWater’s second equity fund. Will Dobbs, a Partner at LongWater, commented, “We are excited to partner with Chris Mammen and the entire M3 team to build on an already successful 60 years of history.” He went on further to say, “Chris is a perfect partner for us given his character, track record of success, and unwavering passion for his business.”
Chris Mammen, who will continue in his role as Chief Executive Officer of M3 Glass Technologies, noted “Everyone at M3 is excited to partner with LongWater for the continued growth of our business. This is the beginning of a new chapter in the history of our family’s business, and a fitting capstone on the successful careers of our second generation, my father John Mammen and my uncle Jim Mammen. Thanks to LongWater’s commitment to our growth and continued success, M3 is now positioned to serve our customers into the future with the quality and service that they have come to expect. They have already proven themselves to be excellent business partners who support and encourage all of our team members at M3.”
ABOUT LONGWATER OPPORTUNITIES
LongWater Opportunities, headquartered in Dallas, Texas with an office in Fargo, North Dakota, is an operationally‐focused private equity firm that targets control buyout equity investments in lower middle market U.S. based manufacturing companies in partnership with family owner‐operators and entrepreneurs. LongWater was founded in 2009 with a vision to create a different kind of private equity firm – one that centers on mutually aligned interests and investing patient capital to build successful American manufacturing businesses. LongWater recognizes that long‐term value is created through taking a hands‐on approach with its portfolio companies to identify and execute strategic and operational initiatives that create sustainable competitive advantages.
For more information, please visit longwateropportunities.com.