Watermill http://www.watermill.com A Strategy Driven Private Equity Partnership Fri, 17 Nov 2017 13:39:25 +0000 en-US hourly 1 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.

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    Steven Karol Featured in Mergers & Acquisitions Manufacturing Article http://www.watermill.com/watermill-groups-steven-karol-featured-in-mergers-and-acquisitions-manufacturing-article/ Tue, 02 May 2017 21:25:39 +0000 http://www.watermill.com/?p=2142 We’re delighted to share that Steven Karol, Managing Partner & Founder of Watermill Group, has been featured in the May 2017 Mergers & Acquisitions cover story on precision manufacturing. As Steven says in the piece, “We are bullish on manufacturing in North America. Advanced manufacturing is creating a lot of new opportunities in many different sectors for many...

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    We’re delighted to share that Steven Karol, Managing Partner & Founder of Watermill Group, has been featured in the May 2017 Mergers & Acquisitions cover story on precision manufacturing. As Steven says in the piece, “We are bullish on manufacturing in North America. Advanced manufacturing is creating a lot of new opportunities in many different sectors for many different companies. I believe this trend will continue.”

    The article includes insights into Process Automation, Automobiles, Aerospace, Medical Devices, and Precision Machining. Steven discusses Watermill Group portfolio companies Quality Metalcraft, Inc. and Experi-Metal Inc. in the automobile portion. Both companies are at the forefront of the advanced manufacturing trend within the automotive industry. Traditional automotive companies and new entrants to the field are all striving for innovation, which provides new opportunities for QMC and EMI. As Karol states, “As the auto industry continues to advance toward new drive trains and autonomous cars it will continue to require a very precise manufacturing process. QMC is ready to meet the needs of the expanding market.”

    Read the full article here: 5 Reasons the Manufacturing Industry is Teeming with Deals

     

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    The Shifting Spotlight on Independent Sponsors http://www.watermill.com/shifting-spotlight-independent-sponsors/ Mon, 21 Nov 2016 20:30:05 +0000 http://www.watermill.com/?p=2112 We hoped this day would come. The day when the broader market would wake to see the benefits and proven success of a deal-by-deal approach to private equity. At Watermill, our heritage as a nearly 40 year investor in private companies always pointed us toward a focus on improving company performance, as opposed to financial...

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    We hoped this day would come. The day when the broader market would wake to see the benefits and proven success of a deal-by-deal approach to private equity. At Watermill, our heritage as a nearly 40 year investor in private companies always pointed us toward a focus on improving company performance, as opposed to financial engineering, as a way to drive top tier returns.

    Ben Procter: fearless advocate for independent sponsors since 1987

    Ben Procter: fearless advocate for independent sponsors since 1987

    For years, we frequently faced questions regarding why we didn’t have a fund and no one ever seemed to understand that we didn’t want a fund. We always felt that it placed the emphasis on raising money rather than helping our companies succeed. And today, as we look around at an ever-expanding market of firms labeling themselves as “independent sponsors,” we are proud of what we’re seeing. The spotlight is appropriately shifting as eyes are opened to the fact that this model provides the alignment, investing style, transparency and flexibility that many investors now seek.

    This shift in market focus is also bringing to light the importance of finding an equity partner who has grown humble through the experience of running a business and has developed a willingness to learn and the drive to work each deal on its own merits. As Steven Karol recently remarked, “Finance is the easy part of investing. What’s harder is entering a business, understanding its situation and developing a strategy that drives operational improvement and organizational harmony.”

    Of course, traditional private investment companies will always remain. But, what we hope happens as more independent sponsors gain visibility is that new questions enter the minds of investors, management teams and investment banks:   Can this firm help this company succeed? What is their track record for doing so?

    We hope those questions, and more like them, will soon replace, “why don’t you have a fund?”

    — Benjamin Procter, Partner

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    Watermill Announces Three Executive Promotions; Positions Company for Future Growth http://www.watermill.com/watermill-announces-three-executive-promotions-positions-company-future-growth/ Tue, 09 Aug 2016 13:34:43 +0000 http://www.watermill.com/?p=2076 Lexington, MA – August 9, 2016 – The Watermill Group, a strategy-driven private investment firm, set the stage for the next phase of the company’s growth by promoting three team members to executive leadership roles. Effective immediately, Watermill Principal Julia Karol has been appointed Watermill President and COO and Principal Michael Fuller is now CFO....

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    Lexington, MA – August 9, 2016 – The Watermill Group, a strategy-driven private investment firm, set the stage for the next phase of the company’s growth by promoting three team members to executive leadership roles. Effective immediately, Watermill Principal Julia Karol has been appointed Watermill President and COO and Principal Michael Fuller is now CFO. In addition, after two years serving as the firm’s Director of Transactions, Matthias (Matt) Bergin assumes the role of Watermill Principal.

    “We are thrilled to announce the promotion of three highly talented and respected members of the Watermill team. Together with the firm’s existing partners and leaders, Julia, Mike and Matt will ensure Watermill’s hallmark integrity, work ethic and strategic insight are protected and enriched for years to come,” stated Steven E. Karol, Managing Partner and Founder, Watermill. “Over our nearly 40 years of acquiring and operating businesses, we have always worked together as a team to create sustainable and long lasting value on behalf of our companies. Today’s promotions help ensure Watermill’s vision and culture continues to drive our business forward.”

    As Watermill President and COO, Julia Karol will be responsible for overall firm operations and will help Watermill portfolio companies develop and implement their strategies. Previously, as a Watermill Principal, Ms. Karol helped guide the day-to-day operations of the firm, directed the firm’s investor relations and managed fundraising initiatives for acquisitions. Prior to joining Watermill, Ms. Karol worked at Jumpstart, a national education nonprofit. She received her M.A. in Education Policy, Organization and Leadership from Stanford University, completed the Summer Institute for Entrepreneurship at the Stanford Graduate School of Business, and earned a B.A. from Tufts University. Ms. Karol is a member of Association for Corporate Growth (ACG) and is part of the 2017 class of Harvard Business School’s Owners, Presidents and Managers Program.

    In addition to his role as Principal, Michael Fuller assumes the role of Watermill CFO, responsible for the financial quality and strength of the firm and its portfolio companies. Mr. Fuller has over 20 years of experience in operations, financial and turnaround management. Mr. Fuller brings a diverse background spanning an array of responsibilities and industries including manufacturing, financial services, commercial and residential construction, metal products, consumer products, distribution, printing, media and technology. Prior to joining Watermill, Mr. Fuller served as Director at Phoenix Management Services, Inc., a turnaround and capital advisory firm and as President and CEO of York Manufacturing, Inc., a manufacturer of building products in the commercial and residential construction market. Mr. Fuller is an active member of ACG and the Turnaround Management Association (TMA). Mr. Fuller is a graduate of Bentley College with a B.S. in Finance.

    As a Watermill Principal, Matt Bergin will expand his transaction oversight responsibilities, which include the evaluation, due diligence and execution of potential transactions as well as providing project-specific assistance to portfolio companies. He embodies Watermill’s culture and the firm’s dedication to working every deal with the utmost integrity. Prior to joining Watermill, Mr. Bergin worked as an Associate in the Private Fund Advisory Group at Lazard Frères and Co. LLC in New York. Prior to Lazard, Mr. Bergin was a Senior Associate at Newbury Partners, a private equity firm specializing in the secondary market. Mr. Bergin is an active member of ACG. He received his B.S. in Finance and International Business from Georgetown University and is fluent in French and Spanish.

    Connect on LinkedIn with Mr. Bergin, Mr. Fuller and Ms. Karol. You can also follow Watermill on Twitter at: https://twitter.com/WatermillGroup.

    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

    207-712-1404

    joanna@cxocommunication.com

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    The Watermill Group Acquires EMI; Completes Second Key Investment in the Automotive Industry http://www.watermill.com/watermill-group-acquires-emi-completes-second-key-investment-automotive-industry/ Tue, 02 Aug 2016 21:47:09 +0000 http://www.watermill.com/?p=2037 The Watermill Group acquires Experi-Metal, Inc. (EMI), a leading provider of prototyping and complex metalformed parts and assemblies for the automotive, aerospace and other industries. The acquisition of EMI will complement Watermill’s current portfolio company, Quality Metalcraft (QMC), a leading producer of engineered structural metal components and assemblies. The acquisition marks Watermill’s second major transaction...

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  • The Watermill Group acquires Experi-Metal, Inc. (EMI), a leading provider of prototyping and complex metalformed parts and assemblies for the automotive, aerospace and other industries.
  • The acquisition of EMI will complement Watermill’s current portfolio company, Quality Metalcraft (QMC), a leading producer of engineered structural metal components and assemblies.
  • The acquisition marks Watermill’s second major transaction in the automotive industry in 12 months.
  • Lexington, MA and Sterling Heights, MI — August 2, 2016 — The Watermill Group, a strategy-driven private investment firm, completed its second key investment in the automotive industry with today’s acquisition of Experi-Metal, Inc. (EMI), a leading provider of prototyping and complex metalformed parts and assemblies for the automotive, aerospace and other industries. EMI will complement its Watermill sister company, Quality Metalcraft (QMC), together offering end-to-end prototype and niche production services to OEMs, automakers and new entrants to the automotive market and other industries.

    “The automotive industry is in the midst of a monumental shift. Technology-driven trends are transforming consumer appetite and disrupting an industry that has remained mostly unchanged for decades,” said Steven E. Karol, Managing Partner and Founder, the Watermill Group. “By operating collaboratively, EMI and QMC will offer unparalleled benefits to traditional OEMs, tier-one suppliers and new entrants to the market, all of whom seek the creativity, speed and quality that drives success today and will continue to drive market transformation.”

    EMI specializes in highly engineered, metalformed prototypes, sub-assemblies, full Body-In-White (BIW) assemblies and bridge production, with a proficiency in designs that are complex in geometry and often utilize advanced materials. A broad range of blue chip and start-up customers across automotive, aerospace, defense and the alternative energy sectors value EMI’s attention to excellence; products made by EMI pass the most rigorous quality, performance and safety standards.

    “We are pleased to join the Watermill family and support our innovative, technology-driven manufacturing customers with increased prototyping and specialty production requirements as they strive to remain on the leading edge,” stated Gerry King, President, EMI, who will also take on the role of head of protoype sales for EMI and QMC. “With QMC, our combined technical expertise, ‘get it done’ approach, and end-to-end services will enable us to meet the intensifying demand of automakers for design, customizability and speed-to-market.”

    “By working in close collaboration with EMI, we will be able to better support the unique needs of each customer going forward,” stated Kurt Saldana, CEO, QMC, who will serve as chief executive at EMI. “QMC’s fast, innovative solutions and reliable service are only enhanced while working alongside EMI, and we look forward to together helping our customers stay on top of the trends disrupting the markets of human mobility.”

    Cerberus Business Finance and the Business Credit Division of PNC Bank, N.A. are lenders in the transaction and Cowen & Company served as Sole Debt Placement Agent. Goodwin Procter LLP provided legal counsel to Watermill. Quarton International represented EMI.

    About Experi-Metal, Inc. (EMI)

    Headquartered in Sterling Heights, Michigan, Experi-Metal, Inc. (EMI) is a leading provider of highly engineered, metalformed prototypes, sub-assemblies, full Body-In-White (BIW) assemblies and bridge production in the automotive, aerospace, defense and alternative energy industries. Since 1959, customers have relied on EMI’s attention to excellence and dedication to continuous improvement. As advances in technology progress, EMI’s standards for quality, performance and safety enable its customers to remain on the leading edge.

    About Quality Metalcraft (QMC)

    Founded in 1964, Quality Metalcraft (QMC) is a premium, niche provider of highly engineered, metal formed assemblies serving a wide range of transportation industries, including automotive, aerospace and defense, heavy trucking and construction equipment. The company specializes in advanced prototyping, in-house tooling, low-to-medium volume production, and factory assist services. Based in Livonia, Michigan, QMC is a highly technical organization with an adaptable, flexible manufacturing footprint.

    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

    207-712-1404

    joanna@cxocommunication.com

    The post The Watermill Group Acquires EMI; Completes Second Key Investment in the Automotive Industry appeared first on Watermill.

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