Manufacturing specialists investing in lower-middle market companies in complex situations

New Water Capital

Targeting businesses in periods of transition, with a focus on complex, operationally intensive situations where our expertise has the largest impact

Whether navigating a family or founder transition, a corporate carve-out, or an operational transformation, we work side by side with management teams to build the foundation for sustainable growth at scale

Industry Focus

We invest in lower-middle market manufacturing and distribution businesses, focusing on mission-critical solutions with high switching costs, cycle-resistant business models, and primarily made-to-order production across the following industries:

Industrials Industrial Tech Food and Beverage Niche Engineered Products Packaging

Situations We Invest In

Business Characteristics

New Water Capital Focus Types of Complexity

Types of Complexity