LongWater Opportunities LLC, an operations-focused private equity firm, has hired Will Dobbs as a partner at its Dallas office, the company announced last week.
Previously, Dobbs worked at Southlake, Texas-based middle market private equity firm Insight Equity where he served as a vice president. And prior to that, He worked at Charlottesville, Virginia-based middle market private equity firm Quad-C Management.
Dobbs’ hire comes almost two months after LongWater sold Circuitronics, Inc., a provider of specialized circuit board assembly and related electronic manufacturing services, to Corridor Capital. No financial terms were disclosed.
As previously stated in an earlier peHUB report, LongWater acquired Circuitronics in 2009. Circuitronics was the final investment in LongWater’s first fund, which which was a pledge fund, said a source at the firm.
LongWater is currently raising $50 million for its second fund, which it hopes to close this year.
In addition to its office in Dallas, LongWater also has an office in Fargo, North Dakota. According to information on their website, the firm focuses on backing U.S. manufacturing companies.
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