M&A Deal Summary

New Water Capital Acquires LUXIT Group

On January 11, 2022, private equity firm New Water Capital acquired manufacturer LUXIT Group

Acquisition Highlights
  • This is New Water Capital’s 2nd transaction in the Manufacturing sector.
  • This is New Water Capital’s 12th transaction in the United States.
  • This is New Water Capital’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2022-01-11
Target LUXIT Group
Sector Manufacturing
Buyer(s) New Water Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

LUXIT Group

Farmington Hills, Michigan, United States
LUXIT Group is a technology expert in vehicle small lamp design, with a mission to inspire and guide the evolution of lighting for styling, branding, performance, and safety. LUXIT Group was formed in 2022 and is based in Farmington Hills, Michigan.

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Buyer(S) 1

Buyer

New Water Capital

Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 13 of 19
Sector (Manufacturing) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 8
State (Michigan) 2 of 2
Country (United States) 12 of 17
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Myotek Industries

Auburn, California, United States

Myotek Industries is a Tier 1 OEM Transportation LED Lighting Manufacturer that offers innovative products, competitive pricing and aggressive timing to market. Myotek Industries was founded in 1997 and is based in Auburn, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Klosterman Baking Company

Cincinnati, Ohio, United States

Klosterman Baking Company is a certified WBE independent wholesale bakery that bakes over 400 varieties of hearth bread, sandwich buns, rolls, flatbread, and organic bread available fresh in Ohio, Kentucky, Indiana,Tennessee, and Pennsylvania. It also distributes frozen products globally. Klosterman Baking Company was formed in 1892 and is based in Cincinnati, Ohio.

Buy -
Mergr

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