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 & Founder

Walker Bettison

Senior Associate

Matthew Carlos

Principal

Dwight Closson

Partner & Head of Operations

John Disa

Co-Founder and Partner

Nathan Douglas

Senior Associate

Sandy Fleming

Senior Associate

Drew Krut

MD of Operations

Nicholas LaRosa

Vice President

Brian Mcgee

Managing Partner

Jason Neimark

Founder & Managing Partner

Lonnie Nunley

Associate

Brian Pawlowski

CFO

Andrew P. Ravenna

Vice President

Max Schoenheit

Associate

Anuj Singh

Principal

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 of prescription (RX) and over-the­-counter (OTC) life science based products for pharmaceutical and consumer sectors in the North American market. It offers gastrointestinal remedies, cough, cold and flu medication, antiseptic ointments, suppositories, nasal sprays and allergy relief, analgesics, sleep aids, and prescription drugs; as well as cosmetic products in solids, semi-solids, and liquids forms for North America’s pharmaceutical and consumer companies. The company was founded in 1993 and is based in Brockville, Canada.

Pegasus Foods

Private Equity Round in 2018
Pegasus Foods, Inc. opened in 1998 as a family owned frozen food manufacturing company. They are located in Downtown Los Angeles occupying a 55,000 sq. ft. USDA/HACCP approved SQF Level 3 facility with Organic, Gluten Free and Kosher capabilities. Pegasus is a quality Co-pack and Private Label manufacturer of Frozen Dough, Appetizers, Bakery and Dessert items for both Retail and Foodservice customers. What makes Pegasus unique is their ability to combine automation with hand formed products. In 2017 Pegasus will be opening their second plant in Rockwall, Texas.

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 producing and delivering oven-ready entrees to retailers across the United States. Founded in 2009 and based in Denver, Colorado, the company offers a diverse selection of gourmet meals made from fresh meat and poultry, complemented by crisp vegetables, stuffing, and seasonings. Their extensive product line includes over fifty delicious options, such as fajitas, kabobs, and stuffed game hens, catering to the needs of time-conscious consumers seeking high-quality meals that can be prepared quickly. Additionally, Custom Made Meals provides frozen bulk items and private label products, further enhancing their appeal in the market.

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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