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LongWater closes second equity fund

Dallas-based buyout firm LongWater Opportunities has closed on its second equity fund, LWO Fund II, LP, a vehicle focused on control investments in lower middle market US based manufacturing companies.  

LongWater completed its fundraising process in just under nine months and was oversubscribed on its USD50 million target.  

“We are excited to see investors validating our strategy and believe that reshoring will continue to proliferate in the U.S.  American workers are the most productive in the world and we are passionate about leveraging American ingenuity to build great American businesses,” says Jordan Bastable, LongWater partner.

LongWater has been very active identifying and vetting investment opportunities and has already completed three platform portfolio investments for its second equity fund.  

“We are encouraged by how our message has resonated with family owners and operators who are looking to build upon their family name and legacy but recognise they can’t do it alone. Our first three investments in our second fund have been in partnership with the founding families, all of whom have reinvested alongside LongWater to pursue profitable growth,” says Will Dobbs, LongWater Partner.  

LongWater’s portfolio consists of M3 Glass Technologies, a premium fabricator of custom architectural glass solutions, Standard Merchandising Company, a 94-year-old domestic manufacturer of luxury and athletic hosiery products, and San Benito Shutter Company, a leading manufacturer and distributor of wood and poly shutters and shutter components.

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