LongWater closes second equity fund, oversubscribed on $50 mln target

LongWater Opportunities closed its second equity fund, LWO Fund II, LP, which will invest in lower middle market U.S. manufacturing companies. Fundraising was completed in just under nine months, and the fund was oversubscribed on its $50 million target.

Press Release

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.  “We are excited to see investors validating our strategy and believe that reshoring will continue to proliferate in the U.S.  American workers are the most productive in the world and we are passionate about leveraging American ingenuity to build great American businesses” said Jordan Bastable, LongWater partner.

LongWater has been very active identifying and vetting investment opportunities and has already completed three platform portfolio investments for its second equity fund.  “We are encouraged by how our message has resonated with family owners and operators who are looking to build upon their family name and legacy but recognize they can’t do it alone.  Our first three investments in our second fund have been in partnership with the founding families, all of whom have reinvested alongside LongWater to pursue profitable growth” said Will Dobbs, LongWater Partner.  LongWater’s portfolio consists of M3 Glass Technologies, a premium fabricator of custom architectural glass solutions, Standard Merchandising Company, a 94-year-old domestic manufacturer of luxury and athletic hosiery products, and San Benito Shutter Company, a leading manufacturer and distributor of wood and poly shutters and shutter components.

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.