Watermill http://www.watermill.com A Strategy Driven Private Equity Partnership Wed, 14 Feb 2018 22:56:04 +0000 en-US hourly 1 7 Similarities Between Baseball and Private Equity http://www.watermill.com/7-similarities-between-baseball-and-private-equity/ Tue, 06 Feb 2018 21:18:46 +0000 http://www.watermill.com/?p=2240 I am an intern at the Watermill Group. I graduated from Cornell in May and in June was drafted by the St. Louis Cardinals. I was assigned to the Cardinal’s Class A short-season affiliate team where I spent the rest of my summer playing baseball. Currently in my off season, I am working at Watermill...

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I am an intern at the Watermill Group. I graduated from Cornell in May and in June was drafted by the St. Louis Cardinals. I was assigned to the Cardinal’s Class A short-season affiliate team where I spent the rest of my summer playing baseball. Currently in my off season, I am working at Watermill while getting ready for spring training in March.

If you take one lap around the Watermill office, it’s easy to see that the people here are huge baseball fans. So much so, you can predict what the mood at lunch is going to be based on how the Red Sox played the night before. But before you judge the group’s dedication to the game, you must understand how similar baseball and private equity really are. Here are seven ways my experiences in baseball connect to working in private equity.

  1. The baseball season is long and requires endurance. Teams play 162 games in a season. Watermill reviews hundreds of deal books throughout the year. Lace em’ up, we’re in it for the long haul.
  2. I’ll shake the catcher off several times before finding the pitch I want to throw. Partners do the same thing with companies. You need to have conviction in the direction you’re going and once you have that…watch out…it’s on.
  3. In both baseball and private equity, we have to fuel up for the big game/meeting, so you’ll find a pre-game food spread in both settings. Only difference here is that in minor league baseball, PB&J is its own food group.
  4. We swing for the fences at Watermill, but are patient too. It’s a delicate balance that few have mastered. One of those people being David Ortiz. He’s my pick for Watermill’s player comp. Go big or go home.
  5. When I’m about to pitch a deal summary to the Watermill team, it might as well be bottom of the 9th with two outs. The adrenaline rush is real. My heart is pounding, I’m locked in and ready to fire.
  6. The Watermill team operates just like a pitching staff. You have your starters, your closer, and specialty options out of the bullpen. Everyone has their own unique style and skills that they bring to the table. With all the talent on the Watermill staff I’m still trying to find my niche, even if it’s as the weird guy that throws knuckle balls.
  7. Believe it or not there have been mascots in both my private equity and baseball experience. Watermill’s mascot is everyone’s favorite dog, Dash. He is less animated than the “BB&T Knookie Monster” I had over the summer, but that’s probably not a bad thing.

So now the verdict is out. Baseball and private equity are a match made in heaven.

By: Paul Balestrieri, Fall 2017 & Winter 2018 Intern

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Watermill Welcomes Tracy Streckenbach as Partner http://www.watermill.com/watermill-welcomes-tracy-streckenbach-partner/ Tue, 09 Jan 2018 15:31:12 +0000 http://www.watermill.com/?p=2222 Lexington, MA — January 9, 2018 — The Watermill Group, a strategy-driven private investment firm, today announced the addition of Tracy Streckenbach, a leader in performance improvement, to its team as a Partner. Drawing on more than 25 years of experience as a CEO, board member and consultant, Ms. Streckenbach will work closely with Watermill...

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Lexington, MA — January 9, 2018 — The Watermill Group, a strategy-driven private investment firm, today announced the addition of Tracy Streckenbach, a leader in performance improvement, to its team as a Partner. Drawing on more than 25 years of experience as a CEO, board member and consultant, Ms. Streckenbach will work closely with Watermill portfolio companies and boards, collaborating on the implementation of strategic change for the benefit of sustainable corporate growth. She will also participate in the origination and diligence of potential Watermill investments.

“Tracy has the proven ability to enter a business and quickly understand unique keys for success and opportunities for growth in order to drive operational improvement and organizational harmony,” stated Julia Karol, President and COO of the Watermill Group. “We look forward to the positive impact that she will undoubtedly have on our firm and our portfolio companies.”

Ms. Streckenbach commented: “I couldn’t be prouder to join this team. Watermill’s thoughtful, strategic approach to operational improvement is refreshing in an industry that tends to prioritize financial over strategic improvement. I’m excited to be a driver of that improvement and work alongside Watermill’s management teams to together unlock the full potential of these businesses.”

Ms. Streckenbach is currently a member of the Board of Directors for the Northeast Chapter of the Turnaround Management Association (TMA) and is an active committee member in Boston’s Association for Corporate Growth (ACG). She serves as a mentor and guest speaker for the VETRN program (Veteran Entrepreneur Training & Resource Network), an organization designed to provide a “streetwise MBA” for veteran business owners.

Prior to joining Watermill, Ms. Streckenbach was a founding member of CR3 Partners, a national performance improvement and turnaround consultancy. She has revitalized several companies as a CEO and board member and served on the executive team for a technology startup which grew from 30 people in Boston to 700 people worldwide in just two years. She began her consulting career at Ernst & Young. Ms. Streckenbach was selected by Banker & Tradesman as one of its “Top 40 New Leaders” and has been featured for her leadership experience in The New York Times “Corner Office” and in Times Books’ Quick and Nimble.

About the Watermill Group

The Watermill Group is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than three decades, the Watermill Group has been acquiring, operating and improving companies. The Watermill Group looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

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Watermill Completes the Sale of C&M http://www.watermill.com/watermill-completes-sale-cm/ Wed, 03 Jan 2018 16:09:34 +0000 http://www.watermill.com/?p=2217 LEXINGTON, Mass — The Watermill Group, LLC (the “Watermill Group”), a strategy-driven private investment firm, today announced the sale of C&M Corporation to Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), a private equity firm focused on middle-market control investments. The transaction took place on December 22, 2017. C&M is...

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LEXINGTON, Mass — The Watermill Group, LLC (the “Watermill Group”), a strategy-driven private investment firm, today announced the sale of C&M Corporation to Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), a private equity firm focused on middle-market control investments. The transaction took place on December 22, 2017. C&M is a leading designer and manufacturer of wire & cable and coil cords for performance-critical applications. The company serves blue-chip customers across a variety of growing markets including industrial automation, medical and military. Based in Norwalk, Connecticut, Winchester is a designer and manufacturer of connectivity solutions, including both connectors and cable assemblies, for diversified end markets including medical, military, aerospace and semiconductor.

C&M has transformed its business over the past nine years, following its acquisition by the Watermill Group in 2008. Management focused on establishing a scalable platform for growth and shifting its sales focus to high-growth industrial market segments, creating a strong customer pipeline that continues to expand today. In addition, C&M upgraded its facility, equipment and capabilities, including completing a major facility move and retrofit process. A new management team has also taken the helm to ensure engineering leadership, along with the delivery of high-performance products and exceptional customer service.

“The C&M of today is quite different from the firm we originally acquired, and we have been proud partners through their strategic journey,” stated Timothy Eburne, Partner, the Watermill Group. “As a result of Watermill’s strategy development and implementation process, C&M evolved from a family owned job shop in an aging facility serving increasingly commoditized end markets into a professional, tightly run operation in a modern facility with a unique position in custom wire and cable. Their transformation is evidence that the application of strategic vision combined with hands on operational support can create lasting impact for businesses and employees.”

Watermill and C&M were represented by M&A Advisor Sperry, Mitchell & Co and legal advisor K&L Gates LLP

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Tenere Names Brian Steel as Chief Executive Officer http://www.watermill.com/tenere-names-brian-steel-chief-executive-officer/ Tue, 28 Nov 2017 19:27:15 +0000 http://www.watermill.com/?p=2211 A seasoned executive with deep growth acceleration and strategy implementation experience, Steel steps into role after serving as Tenere’s Vice President of Global Sales & Marketing Tenere Inc. (Tenere), a full service provider of complex metal and plastic components and assemblies for Fortune 500 companies, today announced that Brian Steel has been named its new...

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A seasoned executive with deep growth acceleration and strategy implementation experience, Steel steps into role after serving as Tenere’s Vice President of Global Sales & Marketing

Tenere Inc. (Tenere), a full service provider of complex metal and plastic components and assemblies for Fortune 500 companies, today announced that Brian Steel has been named its new Chief Executive Officer. Steel has a rich history in scaling global sales organizations and most recently served as Vice President of Global Sales and Marketing at Tenere.

“It’s an honor to be given the opportunity to lead the exceptional team at Tenere and to continue to support our customers in fast changing, dynamic markets,” stated Steel. “I am looking forward to leading Tenere into its next phase of growth, one that I believe will set us apart as a leading global contract manufacturing partner of premier plastic and metal products. Tenere’s deep mechanical engineering expertise, combined with our prototyping and manufacturing capabilities across North America, enable us to deliver unmatched speed, flexibility and quickly scale production for complex customers.”

Prior to joining Tenere, Steel was Vice President of Global Sales at PCH International, where he exponentially grew its turnkey solution development and custom manufacturing business serving some of the world’s leading brands including Apple, Dell, Google, Go-Pro, and Microsoft. Previously, he served in sales leadership positions at supply chain services provider Zomax, where he successfully reversed flat to declining existing customer revenue streams resulting in year-over-year revenue growth for key accounts, and at outsourced hosting and technical services vendor Agiliti, where he led all of the firm’s direct and indirect salespeople in execution of the company’s national sales strategy.

“We’re thrilled to have Brian at the helm at Tenere,” stated Robert Ackerman, Partner at Watermill Group, the private equity owners of Tenere. “With the company’s expected global growth following its recent expansion in Mexico, the opportunities for Tenere are tremendous. Brian’s deep experience with growth acceleration and strategy implementation, along with his strong customer focus, will help keep Tenere on a strong growth trajectory.”

About Tenere Inc.

Tenere Inc. provides integrated customer-driven solutions to original equipment manufacturers leveraging our core competencies in prototyping, design for manufacturability, tooling, production and assembly. With over 50 years of experience, the company specializes in fabricated sheet metal, injection molded products, machining and rapid prototyping, as well as providing integration for system-level assembly services. Tenere is headquartered in Dresser, Wis., and operates four manufacturing facilities across North America. Tenere was acquired by Watermill Group in 2012.

Contacts

Tenere Inc.
Audrey Hamilton, 303-453-8020
audrey.hamilton@tenere.com

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The Watermill Group Wins 2017 Industrials Deal of the Year Award from The M&A Advisor http://www.watermill.com/watermill-group-wins-2017-industrials-deal-year-award-ma-advisor/ Fri, 17 Nov 2017 13:39:08 +0000 http://www.watermill.com/?p=2207 News Summary On November 13, the Watermill Group won the 2017 M&A Advisor Awards Industrial Deal of the Year in the in the $50MM – $100MM category for its acquisition of Experi-Metal, Inc. The M&A Advisor Awards are widely respected as a pinnacle of achievement in the M&A industry. Watermill Group was recognized along with...

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News Summary

  • On November 13, the Watermill Group won the 2017 M&A Advisor Awards Industrial Deal of the Year in the in the $50MM – $100MM category for its acquisition of Experi-Metal, Inc.
  • The M&A Advisor Awards are widely respected as a pinnacle of achievement in the M&A industry.
  • Watermill Group was recognized along with its fellow dealmaking, restructuring, and financing nominees at the 2017 M&A Awards Gala in New York City.

Lexington, MA — November 17, 2017 — The Watermill Group, a strategy-driven private investment firm, today announced that it received the 2017 Industrials Deal of the Year Award in the $50MM-$100MM category from The M&A Advisor, the premier global network of M&A, turnaround and finance professionals. The award recognizes Watermill’s August 2016 acquisition of Experi-Metal, Inc. (EMI), a leading provider of prototyping and complex metalformed parts and assemblies for the automotive and aerospace industries.

The M&A Advisor Awards, widely respected as a pinnacle of achievement in the Mergers & Acquisitions industry, recognize excellence in dealmaking, restructuring and financing, and celebrate the contributions and achievements of leading firms and professionals. The 16th Annual M&A Advisor Awards Gala was held November 13th in New York City.

“We are honored that our acquisition of EMI was selected as the Industrials Deal of the Year,” said Steven E. Karol, Managing Partner and Founder of the Watermill Group. “We saw then – and continue to see now – tremendous opportunity in the rapidly changing automotive industry, which led us to double down in the space by acquiring EMI, our second major transaction in the sector in a 12-month span. The EMI acquisition is especially unique in how it complements our 2015 purchase of Quality Metalcraft (QMC). Now working collaboratively, the two businesses offer end-to-end prototype and niche production services to OEMs, automakers and new entrants to the automotive market. It’s a relationship that’s bringing EMI and QMC customers the creativity, speed and quality they need to compete in a market that’s undergoing massive disruption.”

Watermill is a third-generation family firm and one of the oldest independent sponsors in the industry. The firm is known for leading with strategy and collaborating closely with the management teams of the companies it owns to chart a new course for growth. Watermill excels at complicated transactions, whether they involve first time sellers, are in out-of-favor industries, contain complex deal dynamics or require experience leading significant operational improvement. By maintaining a laser focus on creating value, Watermill consistently delivers above average returns.

Watermill Group’s acquisition of Experi-Metal, Inc. was named a finalist in two additional categories: Private Equity Deal of the Year ($50MM-$100MM) and M&A Deal of the Year ($50MM-$75MM). For a detailed list of all of the Award Finalists for the 14th Annual M&A Advisor Awards, please click here.

The M&A Advisor is the preeminent organization recognizing excellence, honoring achievement, presenting thought leadership and facilitating connections among the world’s leading dealmaking professionals. The organization was founded in 1998 to offer insights and intelligence on M&A activities and over the past seventeen years, the organization has established the premier global network of M&A, turnaround and finance professionals.

About the Watermill Group
The Watermill Group is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

 

Press Contact:

Joanna Clark

CXO Communication for Watermill

joanna@cxocommunication.com

207-712-1404

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Watermill Group Announced as a Finalist for the 16th Annual M&A Advisor Awards http://www.watermill.com/watermill-group-announced-finalist-16th-annual-ma-advisor-awards/ Fri, 10 Nov 2017 21:45:07 +0000 http://www.watermill.com/?p=2203 Watermill Group is pleased to share that the firm has been named a finalist in three categories for the 16th Annual M&A Advisor Awards. Watermill Group’s acquisition of Experi-Metal, Inc. was named a finalist in the Industrials Deal of the Year ($50mm-$100mm), Private Equity Deal of the Year ($50mm-$100mm) and M&A Deal of the Year ($50mm-$75mm) categories....

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Watermill Group is pleased to share that the firm has been named a finalist in three categories for the 16th Annual M&A Advisor Awards. Watermill Group’s acquisition of Experi-Metal, Inc. was named a finalist in the Industrials Deal of the Year ($50mm-$100mm), Private Equity Deal of the Year ($50mm-$100mm) and M&A Deal of the Year ($50mm-$75mm) categories.

The winners will be announced at the 16th Annual M&A Advisor Awards Gala on Monday, November 13th at the Metropolitan Club in New York.

“Since the inception of the M&A Advisor Awards in 2002, we have been recognizing the leading dealmakers, firms and transactions. And each year we celebrate the creativity, perseverance and ingenuity of our industry’s professionals”, says David Fergusson, President and Co-Chief Executive Officer of The M&A Advisor. “While our industry has undergone significant transformation since our first awards were presented 15 years ago, we are convinced, more than ever before, that M&A is a driving force of the economy. It is truly an honor for our firm to be able to recognize the contribution that the 2017 award finalists have made.”

 

For a detailed list of all of the Award Finalists for the 16th Annual M&A Advisor Awards, please CLICK HERE. 

THE M&A ADVISOR

The M&A Advisor was founded in 1998 to offer insights and intelligence on mergers and acquisitions through the industry’s leading publication. Today, the firm is recognized as the world’s premier “think tank” and leadership organization for m&a, restructuring and financing professionals, providing a range of integrated services including: M&A Advisor Forums and Summits; M&A Advisor Market Intelligence; M&A.TV.; M&A Advisor Live; M&A Advisor Awards; and M&A Advisor Connects. For additional information about The M&A Advisor’s leadership services visit www.maadvisor.com

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Julia Karol and Sarah Bowen Announced As Winners of the 8th Annual Emerging Leaders Awards http://www.watermill.com/julia-karol-and-sarah-bowen-announced-as-winners-of-the-8th-annual-emerging-leaders-awards/ Fri, 22 Sep 2017 20:17:04 +0000 http://www.watermill.com/?p=2190 The M&A Advisor, renowned globally for its recognition of leading M&A, financing and turnaround professionals, created the Emerging Leader Awards to promote mentorship and professional development amongst the emerging business leaders. Watermill Group is pleased to share that Julia Karol and Sarah Bowen were both chosen for their accomplishments and expertise from a pool of...

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The M&A Advisor, renowned globally for its recognition of leading M&A, financing and turnaround professionals, created the Emerging Leader Awards to promote mentorship and professional development amongst the emerging business leaders.

Watermill Group is pleased to share that Julia Karol and Sarah Bowen were both chosen for their accomplishments and expertise from a pool of nominees by an independent judging panel of distinguished business leaders.

“The Annual M&A Advisor Emerging Leaders Awards was born as the 40 Under 40 Awards in the United States in 2010 to recognize and celebrate the achievements of young M&A, Financing and Turnaround professionals who had reached a significant level of success and made a notable contribution to their industry and community. With the expansion of the Emerging Leaders program to the United Kingdom, and Europe in 2016, the 2017 US award winners join a truly global network of outstanding young professionals,” said David Fergusson, President and Co-CEO of The M&A Advisor.

On Tuesday, September 19th, The M&A Advisor hosted a black tie Awards Gala at the New York Athletic Club in Manhattan to introduce the Emerging Leaders Award Winners to the business community and celebrate their achievements.

To view the complete list of this year Emerging Leaders Award Winners CLICK HERE.

THE M&A ADVISOR

Founded in 1998, The M&A Advisor was the first dedicated media company to offer insights and intelligence on mergers and acquisitions. As the world’s premier think tank and leadership organization for M&A, restructuring and corporate finance professionals, the firm provides a range of integrated services including: The M&A Advisor Forums and Summits; The M&A Advisor Market Intelligence; M&A.TV.; The M&A Advisor Live; The M&A Advisor Awards; and The M&A Advisor Connects. To learn more about the company’s Leadership Services visit www.maadvisor.com

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Reflections on my experience as a summer intern http://www.watermill.com/reflections-on-my-private-equity-internship/ Thu, 31 Aug 2017 20:03:16 +0000 http://www.watermill.com/?p=2183 With my internship coming to a close, I have started to reflect on my experiences so far and what I hope to achieve following my time at Watermill. A typical intern day runs from 9-5, allowing for some variation based on deal flow and the timing of meetings. Each week kicks off with an investment...

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With my internship coming to a close, I have started to reflect on my experiences so far and what I hope to achieve following my time at Watermill. A typical intern day runs from 9-5, allowing for some variation based on deal flow and the timing of meetings. Each week kicks off with an investment committee meeting Monday afternoon in which the team is updated on active deals and introduced to new deals by the interns. We read through company CIMs and prepare a deal summary to present to the team. Watermill invests in companies that have $50 to $500M in revenues, and a majority of the deals we look at are in the manufacturing industry, but we are always open to strategic opportunities in other industries as well. We learn about industries we didn’t know existed and companies that deal with products we wouldn’t expect to have an entire industry devoted to. One example is of a company that manufactured everything from organizational office supplies and chair mats, to bicycle reflectors and HVAC ducts. It is interesting to see the wide variety of products that a single company can be involved with.

Time as an intern is spent mostly looking at new deals and preparing summaries, but we also have the opportunity to complete valuation models, listen in on banker calls, perform due diligence, draft IOI letters, and conduct relevant research for members of the team. The entire team at Watermill is dedicated to ensuring that the interns have a positive and worthwhile experience while here. There are always new projects for us to tackle and information to learn.

Coming from a liberal arts background at Amherst College, I didn’t have the finance or accounting foundation that a business student has. Although it has been challenging to bring myself up to speed with the terms and basic concepts, the team is very open to showing us the ropes and making sure we understand the business. With this hands-on experience, I already feel more equipped to tackle the world of finance and bring these skills with me to my next challenge. At the very least, this internship has reinforced my interest in finance and desire to continue working in this industry, whether it be private equity, investment banking, or another avenue. I look forward to continuing this learning experience, positive that I will come away with valuable knowledge and skills.

By: Morgan Machiele, Watermill Summer 2017 Intern

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Tips for surviving and thriving in your summer internship http://www.watermill.com/tips-for-surviving-and-thriving-in-your-summer-internship/ Thu, 31 Aug 2017 16:37:28 +0000 http://www.watermill.com/?p=2177 Congrats! You’ve landed the internship and your frantic search for something to do this summer is a thing of the past. Now, it’s time to focus on how to make the most of your 10-week taste of the working world. To help you do that, I’ve written a list of tips I’ve come up with...

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Congrats! You’ve landed the internship and your frantic search for something to do this summer is a thing of the past. Now, it’s time to focus on how to make the most of your 10-week taste of the working world. To help you do that, I’ve written a list of tips I’ve come up with this summer on how to contribute, make a difference and most importantly, learn something, in your private equity internship.

  1. The most important thing you should do, starting day one, is ask questions. If you don’t, people will assume you understand everything and you’ll be in over your head before you know it. If you do, your coworkers will happily take the time to explain things to you. These people enjoy what they do and they enjoy teaching it. If they didn’t, they wouldn’t hire an intern who’s never worked in private equity.
  2. The next most important thing for surviving your internship is to listen to the answer when you ask a question. The only thing worse than not asking questions is asking a question, receiving an answer and proceeding to do something incorrectly that was just explained to you. It wastes time and you don’t learn anything. Bad combo.
  3. Another thing I’ve learned this summer is that volunteering to help on a wide variety of projects makes for the best learning experience. Even if it’s a task you’ve never done before or a project that you don’t fully understand, ask for instructions and work alongside your coworkers. Being engaged in different types of projects is the best way to take advantage of your internship and gain valuable experience.
  4. Next: never eat lunch alone! At Watermill, everyone eats lunch together in the conference room and there’s no better time to get to know people around the office. Talk to your colleagues about their backgrounds, last night’s game, the phone call from that morning… really anything at all. Part of this is building a network in a field that you ultimately want to break into but it also saves you a lot of boredom if you can talk to the people around you.
  5. If there’s one thing I’ve learned at Watermill this summer, it’s that you should never be afraid to speak up in meetings and offer your own insights. There’s obviously a time and a place for this, and you’ll get a feel for when and where that is, but you were hired because you showed the potential to contribute. Don’t go the whole summer sitting quietly on the sidelines!

If you follow these tips and bring a good attitude, you’ll build great relationships, learn a lot and have a rewarding experience that will serve you well in the future.

By: Henry Connon, Watermill Summer 2017 Intern

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The Watermill Group Acquires Cooper & Turner in Significant Cross-Border Deal http://www.watermill.com/watermill-group-acquires-cooper-turner-significant-cross-border-deal/ Wed, 16 Aug 2017 19:28:02 +0000 http://www.watermill.com/?p=2165 Watermill will apply its strategy-driven approach to support Cooper & Turner’s continued growth in the global wind energy, railway, tunnelling, oil & gas, and structural sectors, as well as across new markets and geographies – endeavoring to create the world’s first, truly global mission-critical-fastener supplier. Cooper & Turner senior management, including Group CEO Tony Brown...

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  • Watermill will apply its strategy-driven approach to support Cooper & Turner’s continued growth in the global wind energy, railway, tunnelling, oil & gas, and structural sectors, as well as across new markets and geographies – endeavoring to create the world’s first, truly global mission-critical-fastener supplier.
  • Cooper & Turner senior management, including Group CEO Tony Brown and Head of Group Production David Brown, will remain in their current positions and retain a significant shareholding in the company.
  • The cross-border transaction expands Watermill’s presence in the UK, and adds to the firm’s diverse portfolio of holdings across the US and Mexico
  • LEXINGTON, Mass.–(BUSINESS WIRE)–The Watermill Group, a strategy-driven private investment firm, has completed the cross-border acquisition of Andaray (Holdings) Limited and its direct and indirect subsidiaries (“Cooper & Turner”), a UK-based global manufacturer and distributor of high-strength, large diameter industrial fastener systems. Market leading organizations in wind energy, construction, OEM, rail and tunnelling turn to Cooper & Turner as one of the leading suppliers of fasteners for can’t-fail fastening applications and extreme environments, when the highest quality products are vital.

    “Cooper & Turner’s reputation and track record is virtually unmatched,” stated Julia Karol, President and COO, Watermill Group. “We are impressed with the company’s unwavering commitment to quality and safety, its high customer service levels, as well as its global manufacturing and distribution footprint. Combining Watermill’s strategy-driven approach with Cooper & Turner’s highly experienced management team, the company has an exciting opportunity to become the world’s first, truly global mission-critical-fastener supplier.”

    Headquartered in Sheffield, England, Cooper & Turner serves a global customer base with strategically positioned manufacturing and distribution operations across the European Union, China and the US. This global network enables Cooper & Turner to offer a seamless, one-stop shop solution for the manufacture and distribution of industrial fasteners that meet the highest levels of quality. The company will continue to deliver the same trusted and high-quality experience across existing product lines, manufacturing sites and distribution operations as the business also pursues new product, service and market opportunities around the world.

    Ronald M. Krisanda, Watermill Advisor and former President and COO at Milacron Holdings Corporation, will serve as the Chairman of the Board of Advisors for the organization. “Cooper & Turner is a compelling business with a highly experienced senior management team, led by brothers Tony and David Brown, whose entrepreneurial vision and operational expertise have been paramount to the organization’s success,” said Mr. Krisanda. “We look forward to working with them and their team to uncover new opportunities and accelerate the Company’s growth in the booming international wind sector and beyond.”

    “We are thrilled to join Watermill for this next chapter in the history of Cooper & Turner,” stated Tony Brown, Group CEO, Cooper & Turner. “For nearly two centuries, this organization has evolved and thrived – innovating alongside cutting-edge customers and developing industry-leading service levels across established and emerging sectors. Watermill’s strategic guidance will be invaluable to us as we continue in this tradition of growth and progress.” Tony Brown and his brother, David Brown, will retain a significant shareholding in the Company.

    The acquisition of Cooper & Turner deepens Watermill’s presence in the UK, and adds to a portfolio of other holdings across North America.

    Mid Cap Financial Services, LLC provided debt for the transaction and Grant Thornton UK LLP provided corporate finance, debt advisory, tax and financial due diligence advice to Watermill. K&L Gates LLP provided Legal Counsel to Watermill. Mazars LLP advised Cooper & Turner and Mincoffs Solicitors provided legal counsel.

    About the Watermill Group

    The Watermill Group is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

    About Cooper & Turner

    Founded in the 1800s by Joseph and James Turner as a gun barrel manufacturer, Cooper & Turner is now one of Europe’s leading manufacturers of bolts, nuts and washers for the Wind, Railway, Tunnelling, Oil & Gas and Structural bolting industries. Headquartered in Sheffield, England, Cooper & Turner has operations in the United Kingdom, China and the United States.

    The post The Watermill Group Acquires Cooper & Turner in Significant Cross-Border Deal appeared first on Watermill.

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