LongWater Opportunities

LongWater Opportunities, based in Dallas, Texas, with an additional office in Fargo, North Dakota, is a private equity firm focused on control buyout investments in lower middle-market manufacturing companies across the United States. Established in 2009, the firm partners with family owner-operators and entrepreneurs, aiming to foster mutually beneficial relationships. LongWater emphasizes a hands-on approach to enhance its portfolio companies by implementing strategic and operational initiatives that aim to build sustainable competitive advantages. The firm targets companies with earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from $2 million to $10 million, with a commitment to creating long-term value in American manufacturing.

Bobby Astrup

Senior Associate

Jordan Bastable

Partner / Co-Founder

Nick Careklas

Managing Director

Ben Dinehart

Managing Director

Bern Ebersole

Principal

Trevor Gibson

Managing Director

Murphey Henk

Senior Vice President

Mike McNulty

Vice President

Samuel Panke

Managing Director

Griffin Peavey

Vice President

Kevin Prunty

Senior Managing Director

Neil West

Senior Managing Director

2 past transactions

Kalisher

Acquisition in 2018
Kalisher USA provides hospitality art services. It creates, curates, and commissions custom art for the hospitality and healthcare industries. The company was founded in 1999 and is based in Carrboro, North Carolina.

Fox River Mills

Acquisition in 2016
Fox River Mills, Inc. is a manufacturer of high-quality knitted socks and handwear, catering to various markets, including outdoor, athletic, and casual segments. Established in 1900, it is the longest continuously-running hosiery brand in the United States and operates from a 240,000 square foot facility in Osage, Iowa. The company produces an extensive range of products, including military socks, athletic socks, eco-friendly options, and children's socks, alongside notable trademarks such as Wick Dry® and the Original Rockford Red Heel® sock, famous for its association with the sock monkey toy. Fox River sells its products through specialty stores both domestically and internationally, as well as through online platforms. Additionally, the company engages in private label programs for various major brands and retailers around the globe.
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