M&A Deal Summary

New Water Capital Acquires Nelson-Miller

On October 28, 2021, private equity firm New Water Capital acquired manufacturer Nelson-Miller from Superior Capital Partners and Eagle Private Capital

Acquisition Highlights
  • This is New Water Capital’s 1st transaction in the Manufacturing sector.
  • This is New Water Capital’s 11th transaction in the United States.
  • This is New Water Capital’s 6th transaction in California.

M&A Deal Summary
Date 2021-10-28
Target Nelson-Miller
Sector Manufacturing
Buyer(s) New Water Capital
Sellers(s) Superior Capital Partners
Eagle Private Capital
Deal Type Secondary Buyout

Target

Nelson-Miller

Los Angeles, California, United States
Nelson-Miller designs manufacture, and sources customized membrane switches, graphic overlays, nameplates, rubber keypads, touchscreens, and other user-interface and product identification solutions. Nelson-Miller was formed in 2011 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

New Water Capital

Investor Investor Investor Investor

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 12 of 19
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 2 of 3
State (California) 6 of 6
Country (United States) 11 of 17
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Custom Made Meals

Denver, Colorado, United States

Custom Made Meals is a manufacturer of fresh, oven-ready, value-added entrees and appetizers sold in more than 6,000 retail grocery locations nationwide. Custom Made Meals was established in 2009 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Emerald Technologies

San Jose, California, United States

Emerald Technologies is an electronics manufacturing services provider specializing in high-mix, low-volume engineering, design, prototyping, testing, assembly and lifecycle support services for blue-chip original equipment manufacturers across a range of end markets. Emerald Technologies is based in San Jose, California.

Sell -

Seller(S) 2

SELLER

Superior Capital Partners

Royal Oak, Michigan, United States
Category Distressed Investor
Founded 2007
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Superior Capital Partners is a Midwest US based private investment firm focused on acquiring mid-market businesses with up to $150 million in revenues. Superior generally seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. The Firm's target investment size is $5 to $20 million. Funds are used to support management buyouts, corporate spin-offs, recapitalizations, family successions, acquisitions out of bankruptcy and debt purchases. Superior Capital Partners is based in Detroit, Michigan.

DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 2 of 2
State (California) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Crosswing Holdings

Fairfield, New Jersey, United Kingdom

Crosswing Holdings was formed to facilitate the acquisitions of Crosslink Wireless and AmNet Services. Crosslink Wireless provides a full range of field project services for wireless networks including project management, installation, upgrade, and maintenance services for the major carriers and other end customers. Crosslink provides its services through operations up and down the eastern US, Texas, and Illinois. AmNet Services provides design, engineering, and testing services for wireless networks on a nationwide basis. Crosswing Holdings was founded in 2017 and is based in Fairfield, New Jersey.

Buy -
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.

DEAL STATS #
Overall 38 of 49
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 8 of 10
State (California) 4 of 5
Country (United States) 38 of 49
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Conexiant

Tampa, Florida, United States

Conexiant is a video content marketing and education company focused on engaging medical professionals. Conexiant helps the world’s leading hospitals, medical devices, pharmaceuticals, and medical education companies develop comprehensive digital and mobile video strategies to reach physicians, providers, and medical students. Conexiant was founded in 1994 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Renovation Brands

Florence, Alabama, United States

Renovation Brands is a distributor and retailer of electric fireplaces, electric heating appliances, customized fireplace mantels, and outdoor heating products. Renovation Brands was founded in 2002 and is based in Florence, Alabama.

Sell -
Mergr

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