LongWater Opportunities Acquires Thermotec Glass
Georgetown, Texas, June 3, 2022 – 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. The Company primarily sells insulated glass for windows and commercial storefronts but expanded its product portfolio in 2017 to include interior glass products such as shower doors and mirrors.
LongWater co-founder Jordan Bastable stated, “LongWater is excited to partner with Luis, who has built a great business that complements M3 Glass very well and allows us to offer our customers a complete portfolio of glass products.” Luis Najarro, Thermotec’s former owner, said about his partnership with LongWater and M3, “We are proud to join the LongWater and M3 families. M3’s focus on quality and service matches that of Thermotec, and we look forward to taking the combined business to the next level.”
The Thermotec acquisition represents the first add-on acquisition to Glass Fab Holdings and LongWater portfolio company M3 Glass Technologies. Brooks Burgum, co-founder of LongWater, commented, “With the Thermotec acquisition, the management team at M3 is positioned well to grow wallet share with customers and continue to build strong brand equity within the glazing community.”
About LongWater Opportunities
LongWater Opportunities is an operationally focused private equity firm targeting control equity investments in family-owned and operated, American manufacturing companies. Founded in 2009 and with offices in Dallas, TX and Fargo, ND, LongWater has completed 13 acquisitions and recently closed its third fund. At LongWater, we believe in servant leadership; we are here to serve our companies, not the other way around. We practice this through active operational involvement with each portfolio company, along with a commitment to continually invest in the people, processes, and technology critical to success. We align ourselves with those who seek an operating partner who will share their passion and commitment to building a great organization.