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Brookside Mezzanine Partners invests as Pilgrim buys Water-Jel

Brookside Mezzanine Partners supported the acquisition of Water-Jel Technologies Holding Co., LLC by Pilgrim Capital Partners, LLC and management. Terms of the transaction were not disclosed. Headquartered in Carlstadt, New Jersey, Water-Jel manufactures emergency burn care treatments as well as over-the-counter pharmaceutical preparations.


Brookside Mezzanine Partners is pleased to announce its investment in Water-Jel Technologies Holding Co., LLC (“Water-Jel”). Founded in 1980 and headquartered in Carlstadt, NJ, Water-Jel is a leading manufacturer of branded and private label specialty medical products, specializing in emergency first aid burn care applications and over-the-counter pharmaceutical preparations. It is a highly-recognized market leader in emergency burn care for industrial and retail markets, as well as for the U.S. military, European Emergency Medical Services and Formula-1 Racing.

Brookside Mezzanine Partners provided subordinated debt and an equity co-investment to support the acquisition of Water-Jel by Pilgrim Capital Partners, LLC and management.

About Brookside Mezzanine Partners
Founded in 2001, Brookside Mezzanine Partners manages in excess of $500 million across three mezzanine funds. The Firm is a leading provider of subordinated debt and minority equity capital to small and mid-sized companies throughout the United States. We invest in both sponsored and non-sponsored transactions and provide junior capital and unitranche financing to support buyouts, leveraged recapitalizations, strategic acquisitions, dividends and growth capital.