Private equity firm New Water Capital has made an additional investment in the flexible intermediate bulk container (FIBC) sector, with the acquisition of Bulk Lift International LLC and Bagwell Supply Ltd.Â
Private equity firm New Water Capital (NWC) has made an additional investment in the flexible intermediate bulk container (FIBC) sector, with the acquisition of Bulk Lift International LLC (Bulk Lift) and Bagwell Supply Ltd (Bagwell).
The transactions create one of North America’s largest FIBC providers, according to company officials, primarily serving customers in the food and beverage, chemical, pharmaceutical, minerals, and construction products industries. The closing of these two acquisitions marks NWC’s third platform investment and second add-on across New Water Capital Fund II.
The new, combined company, will serve customers in the US, Canada and Mexico.
PricewaterhouseCoopers Corporate Finance LLC served as the exclusive financial advisor to Bulk Lift, and CIBC Mid-Market Investment Banking served as the exclusive financial advisor to Bagwell.
