A leading producer of over 400 different varieties of bakery goods founded over 125 years ago
Cincinnati, OH
17 Facilities – USA
Founded in 1892 by members of the Klosterman family, Klosterman is a leading producer of fresh and frozen breads, buns, flatbreads, organic breads, artisan breads, donuts and other bakery products serving an extensive, well established national customer base of restaurants and other foodservice operators, grocery retailers and convenience stores, and institutional customers. Today the Company operates 17 bakeries and distribution facilities across the eight Midwest states.
Deal Team
Jason Neimark
Managing Partner
Jason Neimark has almost 30 years of mezzanine and private equity experience. Before founding New Water, Jason was a Managing Director at Sun Capital Partners, a global private equity firm with over $10 billion under management focusing on companies that are operationally challenged, experiencing an industry or business transition, undergoing a corporate divesture, or managing rapid growth. During his 13 years at Sun Capital, where he served as Managing Director for ten, Jason led more than 40 buyout and capital markets transactions in a broad range of industries and guided portfolio companies through IPOs, secondary offerings, bond exchanges, and take private transactions. Jason led Sun Capital’s largest transaction team out of Boca Raton, Florida, in addition to serving on several public and private boards of Sun Capital portfolio companies.
Prior to Sun Capital, Jason was President of K&D Distributors (d/b/a Lens1st), a national direct marketer of contact lenses and a portfolio company of Midwest Mezzanine Funds. He instilled processes and accountability in the organization, which allowed for scalable growth and profitability and positioned the company for a successful sale to an industry strategic buyer. Prior to Lens1st, Jason was a Principal at Midwest Mezzanine Funds, a provider of junior capital (subordinated debt and equity) to lower middle market companies in North America. He was responsible for the sourcing, diligence and monitoring of portfolio companies and built a strong network of active deal sources including private equity firms, lenders, and investment bankers. Additionally, Jason served as a board member for a number of Midwest Mezzanine portfolio companies.
Jason Neimark
Managing Partner
Nick LaRosa
Vice President
Nick LaRosa is a Vice President at New Water Capital with 10 years of private equity and investment banking experience.
Prior to joining New Water in 2017, Nick was an Analyst at RBC Capital Markets in the Industrials group of the Investment Banking Division, working on mergers and acquisitions, equity and debt capital raises and corporate advisory.
Nick earned a BS in Finance from Fordham University.
Nick LaRosa
Vice President
Max Schoenheit
Senior Associate
Max joined New Water as an Associate in 2021 from Canaccord Genuity where he was an Investment Banking Analyst.
Max graduated with a BS in Finance from Florida State University and an MS in Finance from Vanderbilt University’s Owen Graduate School of Management.
Max Schoenheit
Senior Associate
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