New Water Capital

New Water Capital is a private equity firm established in 2014 and based in Boca Raton, Florida. The firm focuses on investing in lower mid-market companies across various sectors, including consumer products, retail, and industrial manufacturing and services, primarily in the United States. New Water Capital employs a collaborative transaction and operating model designed to support companies facing unique business challenges and operational characteristics. As a Registered Investment Adviser, the firm aims to create value through targeted investments that address the specific needs of its portfolio companies.

Mark T. Becker

Partner and Founder

Walker Bettison

Senior Associate

Matthew Carlos

Principal

Dwight Closson

Partner and Head of Operations

Nathan Douglas

Vice President

Sandy Fleming

Senior Associate

Nicholas LaRosa

Vice President

Brian Mcgee

Managing Partner

Jason Neimark

Founder and Managing Partner

Brian Pawlowski

CFO

Max Schoenheit

Associate

Jessie Wicker

Associate

8 past transactions

DataED

Acquisition in 2019
DataED is a prototype and low-to-mid volume manufacturing powerhouse, fully-capable of producing everything from initial product designs to finished products.

Bestronics

Acquisition in 2019
Bestronics Incorporated is a provider of electronics manufacturing services (EMS) catering to original equipment manufacturers (OEMs) in North America and globally. Founded in 1986 and based in San Jose, California, the company offers a wide range of services including new product introduction, quick-turn prototypes, cable and harness assembly, and final packaging. Bestronics specializes in various manufacturing processes such as system and electro-mechanical assembly, in-circuit testing, and printed circuit board (PCB) design and development. The company also provides engineering services and supports industries such as telecommunications, networking, medical instrumentation, and consumer electronics. As of November 2019, Bestronics operates as a subsidiary of Data Electronic Devices, Inc. The company emphasizes strong customer service throughout the manufacturing and delivery process, combining local service with global capabilities.

The Perfect Bite Co

Private Equity Round in 2018
The Perfect Bite Co. Inc., founded in 1990 and based in Glendale, California, specializes in producing and selling gourmet side dishes and entrees. The company's diverse product range includes haute dogs, pastries, cakes, burgers, and mini sweets, all crafted from high-quality, handmade ingredients. The founder, Teri Valentine, established the business with the philosophy of making entertaining easy and enjoyable for customers. Over the years, The Perfect Bite Co. has focused on serving specialty grocery stores and high-end catalogs, providing a selection of versatile gourmet appetizers designed to enhance any dining experience. The company continues to grow, offering its products through an online store to reach a wider audience.

Trillium Health Care Products

Acquisition in 2018
Trillium Health Care Products Inc. is a contract manufacturer specializing in prescription and over-the-counter life science products for the pharmaceutical and consumer sectors in North America. Founded in 1993 and located in Brockville, Canada, the company produces a diverse range of products including gastrointestinal remedies, cough, cold and flu medications, antiseptic ointments, suppositories, nasal sprays, allergy relief, analgesics, and sleep aids. In addition to these pharmaceutical offerings, Trillium also manufactures cosmetic products in various forms such as solids, semi-solids, and liquids. The company is committed to integrating sound environmental, health, and safety management practices in its operations, ensuring quality service for its clients in the healthcare sector.

Pegasus Foods

Private Equity Round in 2018
Pegasus Foods, Inc., established in 1998, is a family-owned manufacturer of frozen foods based in Downtown Los Angeles. The company operates a 55,000 square foot facility that meets USDA and HACCP standards with SQF Level 3 certification, and it offers capabilities for organic, gluten-free, and kosher products. Pegasus specializes in co-packing and private label manufacturing, producing a range of frozen items including dough, appetizers, bakery goods, and desserts for both retail and foodservice sectors. The company distinguishes itself by integrating automation with hand-formed products, ensuring quality and consistency. In 2017, Pegasus announced plans to expand its operations with a second plant in Rockwall, Texas, to further enhance its production capacity and service offerings.

Custom Corned Beef

Acquisition in 2017
Custom Corned Beef Inc. is a food production company based in Denver, Colorado, specializing in a variety of beef products. Founded in 1976, the company offers an extensive range of products, including raw and cooked corned beef, cooked roast beef, pastrami, and shredded beef. Additionally, Custom Corned Beef produces beef pot roast, as well as a selection of Mexican sausages and Chinese pork. The company is dedicated to delivering high-quality meat products to meet diverse consumer preferences.

Custom Made Meals

Acquisition in 2017
Custom Made Meals LLC specializes in the production and delivery of oven-ready entrees for retailers across the United States. Founded in 2009 and based in Denver, Colorado, the company offers a diverse range of gourmet center-of-the-plate meals crafted from fresh, USDA-graded meats such as beef, pork, chicken, and turkey, complemented by crisp vegetables and savory seasonings. The product line includes a variety of home-cooked options like fajitas, kabobs, and stuffed game hens, as well as frozen bulk items to meet consumer needs. Additionally, Custom Made Meals provides private label products, appealing to a market that values convenience without compromising quality.

The Worth Collection

Acquisition in 2016
Worth Collection was founded 25 years ago by Caroline Davis, Richard Kaplan and Jay Rosenberg. Rosenberg remains an active member of the management team and will continue to serve as chief merchant. Headquartered in New York, NY, Worth Collection designs, supplies and distributes luxury and contemporary women's apparel through an omni-channel approach via its stylist network, by-appointment showrooms, online and retail outlets.
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