Watermill http://www.watermill.com A Strategy Driven Private Equity Partnership Tue, 03 Jul 2018 21:23:41 +0000 en-US hourly 1 40 Years Strong: Watermill Celebrates a Major Milestone http://www.watermill.com/40-years-strong-watermill-celebrates-major-milestone/ Thu, 21 Jun 2018 22:51:53 +0000 http://www.watermill.com/?p=2276 This month marks our 40th year in private investment. Founded as HMK Enterprises, over the past four decades Watermill has grown into a leading and enduring presence in the middle market and beyond, acquiring, operating and improving dozens of businesses in the US and around the world. We recently commemorated our anniversary at a private...

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This month marks our 40th year in private investment.

Founded as HMK Enterprises, over the past four decades Watermill has grown into a leading and enduring presence in the middle market and beyond, acquiring, operating and improving dozens of businesses in the US and around the world. We recently commemorated our anniversary at a private celebration in downtown Boston.

Infused with a retro theme that reflected the firm’s founding in 1978, the night brought together Watermill employees, partners, investors and portfolio companies from present and past to celebrate our history of shared successes and the even brighter future ahead.

 

As a live band played 70s favorites and guests decked out in far-out fashions rediscovered forgotten snacks from the past, Watermill team members including Managing Partner and Founder Steven E. Karol, President and COO Julia Karol and Senior Partner Benjamin P. Procter entertained and thanked the guests assembled through heartfelt words, a video retrospective and a poem for the ages.

 

 

 

 

 

At the celebration, Mr. Karol reflected on the milestone, stating: “As a third-generation family firm, we are humbled to celebrate 40 years. Watermill’s endurance is a testament to the vision and values we established as a company years ago and continue to lead with today.”

The anniversary comes on the heels of several achievements for Watermill. Last month, our cross-border acquisition of Cooper & Turner was named a 2018 International Industrials Deal of the Year by M&A Advisor, the premier global network of M&A, turnaround and finance professionals. In addition, M&A Advisor named Watermill’s acquisition of Experi-Metal, Inc. a 2017 Industrials Deal of the Year and that same year recognized Ms. Karol, as well as Sarah Bowen, Director of Marketing, as Emerging Leaders in the field. Ms. Karol was also named one of 2017’s Most Influential Women in Mid-Market M&A by Mergers & Acquisitions Magazine.

“For the past four decades, Watermill has thrived on the foundation that my father, grandfather, and every member of the Watermill team has built based on creativity, integrity and professional entrepreneurship,” stated Ms. Karol. “This foundation has shaped an exceptional enterprise that’s improving companies and impacting communities. We are honored to be building on that foundation and creating Watermill’s next phase of growth and evolution.”

 

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Watermill Group’s Acquisition of Cooper & Turner Announced as Winner of the 10th Annual International M&A Awards http://www.watermill.com/watermill-groups-acquisition-cooper-turner-announced-winner-10th-annual-international-ma-awards/ Wed, 16 May 2018 13:26:45 +0000 http://www.watermill.com/?p=2269 Lexington, MA, May 15, 2018 – The M&A Advisor announced the winners of the 10th Annual International M&A Awards on Friday, May 4th. The cross-border acquisition of Cooper & Turner by the Watermill Group was named a winner for Industrials Deal of the Year. Watermill will be presented the award alongside other honorees at a...

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Lexington, MA, May 15, 2018The M&A Advisor announced the winners of the 10th Annual International M&A Awards on Friday, May 4th. The cross-border acquisition of Cooper & Turner by the Watermill Group was named a winner for Industrials Deal of the Year. Watermill will be presented the award alongside other honorees at a Black Tie Gala on Monday, June 18 at the Princeton Club of New York.

“Since 2009, we have been honoring the leading international M&A transactions, companies and dealmakers. The Watermill Group was chosen from over 250 participating companies to receive the award. It gives us great pleasure to recognize Watermill and bestow upon them our highest honor for international M&A firms and professionals,” said David Fergusson, Co-CEO and President, The M&A Advisor. “The Watermill Group represents the best of the international M&A industry in 2017 and earned these honors by standing out in a group of very impressive candidates.”

“We are honored to receive international recognition for our acquisition of Cooper & Turner. Led by an entrepreneurial management team, the company is an exciting multinational business that is developing a strong presence in all its global markets, particularly wind energy which is primed for growth and opportunity,” stated Julia Karol, President and CEO, Watermill Group. “The Cooper & Turner acquisition is Watermill’s second cross-border deal and we continue to find international opportunities to be a compelling fit for our strategy-driven approach.”

To learn more about Watermill’s acquisition of Cooper & Turner, please CLICK HERE.

For a complete list of the International M&A Award Winners, please CLICK HERE.

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.

THE M&A ADVISOR

The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A activities. Over the past nineteen years we have established the premier global network of M&A, Turnaround and Finance professionals. Today, we have the privilege of presenting, recognizing the achievements of, and facilitating connections between the industry’s top performers throughout the world with a comprehensive range of services. To learn more visit www.maadvisor.com

Media Contacts:

Joanna Clark

CXO Communication for the Watermill Group

joanna@cxocommunication.com

207-712-1404

 

Liudmila Pisareva

Director of Operations

The M&A Advisor

lpisareva@maadvisor.com

212-951-1550

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Creating a Culture of Safety http://www.watermill.com/creating-culture-safety/ Tue, 20 Mar 2018 18:01:58 +0000 http://www.watermill.com/?p=2263 Since our founding 40 years ago, integrity and mutual respect have been cornerstones of our business. To that end, recently we distributed a letter to all executive team members at our portfolio companies. In it we reflect on what it means to create a true culture of safety, for all employees. It’s an important message, and...

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Since our founding 40 years ago, integrity and mutual respect have been cornerstones of our business. To that end, recently we distributed a letter to all executive team members at our portfolio companies. In it we reflect on what it means to create a true culture of safety, for all employees. It’s an important message, and one we invite you to read below.

It is our hope that someday this letter and others like it will be viewed as archaic – reminders of a time long past – and that a true culture of safety will be the norm across all businesses and industries. At Watermill, we are committed to realizing that future and hope others will join us in putting a strong stake in the ground in favor of safe, open and supportive work environments.

March 8, 2018

Dear Executive Team Members of the Watermill community,

Today, International Women’s Day, I would like to share some thoughts that have been weighing on my mind about the recent #MeToo movement and the expectations Watermill has for our companies. 

We, at Watermill, believe firmly in creating a culture of safety.  It is core to Watermill’s value systems to create safe, healthy work environments for all of our employees regardless of position, gender, race, sexual orientation, primary language or ethnicity.  We believe firmly that building a safe working environment enables all employees to contribute at their highest levels and, ultimately, creates better businesses. 

For this reason, we have historically asked our companies to focus on safety first in every report to Watermill (monthly meetings, board meetings, investor reports).

Additionally, I believe that there is a key element of safe work environments that has gone unspoken and under-addressed: the sense of physical and psychological safety that comes when a work environment is intolerant to sexual harassment and actively promotes an inclusive work environment.  We expect each of our companies to embrace a culture of gender equality and collegiality.

To be clear, Watermill will not tolerate incidents of sexual harassment or bias related to race, religion, sexual orientation, gender or other identifiers.  Should a credible claim of misconduct be communicated to Watermill, we will enlist legal support and, if appropriate, instruct the company to open an investigation. We will also not hesitate to notify law enforcement if we reasonably believe such action is appropriate. 

To that end, Watermill is asking all management teams to review and upgrade their codes of conduct, immediately launch sexual harassment training throughout their organizations, broaden company-wide definitions of safety, and take steps to create sexually safe work environments.  Additionally, each company must ensure there are clear and confidential mechanisms in place and communicated to facilitate reporting of potential violations and that victims, complainants and/or witnesses are protected from retaliation.  We hope and expect our companies to take a leadership position in ensuring that all employees are free to contribute, in each domain, at their highest levels; this can only happen in a safe environment.

We would like each team to give a progress report on your sexual harassment policies and trainings at each of your upcoming board meetings.

Building better businesses is not simply about financial performance or strategic implementation, but also about creating healthy work environments for all employees.  We hope you’ll join us in leading the way on this issue and unleashing the powerful capabilities that exist in each employee on your team.

Should you or any employees have questions about this request or wish to speak with Watermill directly, my colleagues and I are available.

Julia

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Partner Profile: Meet Watermill Group’s Dale Okonow http://www.watermill.com/partner-profile-meet-watermill-groups-dale-okonow/ Wed, 28 Feb 2018 18:38:56 +0000 http://www.watermill.com/?p=2255 Providing internships to students interested in the private equity industry is an important part of the Watermill culture. Recently our intern Paul had the opportunity to sit down with Dale Okonow for an interview. How did you get into private equity? I went to law school and business school with the idea to practice law for...

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Providing internships to students interested in the private equity industry is an important part of the Watermill culture. Recently our intern Paul had the opportunity to sit down with Dale Okonow for an interview.

How did you get into private equity?

I went to law school and business school with the idea to practice law for a little bit. I always felt I needed to understand the role a lawyer played because legal is always involved in business. When you get into law, it can be challenging to transition into business, but I knew that’s what I wanted to do. The predecessor to Watermill was one of my large clients and they offered me a job originally as in house legal counsel, then eventually as CFO. One thing led to another, we started investing outside money and Watermill was born. It couldn’t have worked out better; I practiced law for 5 years and was able to use that background to transition into other things.

What is your favorite thing about Watermill?

The culture and the people. We always have a lot of fun. It’s a collegial group, very hard working. It’s not a culture where you must stay until a certain time, or you must stay until your boss leaves even if you don’t have anything you’re working on, but when we have a transaction, it’s all hands-on deck 24/7. I like the adrenaline of working on a deal and closing a deal. When that’s over you can relax a little and try to find the next one, which is nice, but I’m a transactions junkie.

What are you most excited about for Watermill in the coming years?

The private equity business is undergoing a huge transition. There’s lots of money chasing deals. The competition is becoming more and more challenging, but Watermill has always been able to find a way. We will always do a few deals a year and if we continue to have our strategic focus, stay true to our guns, and be patient, we will find a lot of opportunity in our particular niche. Watermill will never be a fast-growing firm, but we will be a very successful firm. We are not going to put out dollars for the sake of putting money to work, but rather invest in deals that we like, that make sense, and that will have a good return to our investors.

Just 10 years ago, the smart phone came out and it revolutionized the world. What’s the next game changing advancement?

Technology improves every single day. I can’t answer what the next thing will be, but I know it will be there. We always have to stay ahead of it. You can’t ignore technological advancements in what we do. When I look back to when we first started, there were typewriters, no cell phones. We sent things through fed-ex and not email. So much has changed in so little time. The hardest thing to do as an investor is anticipating what could hurt you from a technological point of view, even if it doesn’t exist or hasn’t been thought of yet. We have to be aware and think ahead of our time.

As an avid Boston sports fan. If you could pick one team to be on which would it be and why?

I would love to be on the Celtics because, first of all football scares me I don’t want all of those concussions, and second NBA basketball players are the greatest athletes ever, they are so incredible to watch. They run, jump, they are so athletic. Their hand eye coordination is unbelievable. I think playing in the NBA would be top notch, it would be a thrill. Baseball is fun, I would do that too, but as athletes, NBA basketball players can do it all. Lebron could be a tight end, he could be as good as Gronk, he could be a defensive end, he could be a linebacker, he could be anything. They’re just incredible athletes.

 

Dale Okonow, Paul, and framed $100 bill

Watermill Partner Dale Okonow (left), posing with intern Paul Balestrieri (right), and the $100 bill he parted ways with some time ago.

There are a few tokens of Watermill memorabilia throughout the office, including a framed $100 bill. What’s the story?

Well we had these interns here, before your time, and we gave them a project. We said, what’s the largest search engine in the world? Steve (Karol) goes, “its YouTube.” I say there’s no way its YouTube, its Google, everyone uses Google. You would say Google too right? How many people actually use YouTube as a search engine? So, I bet him $100 the largest search engine was Google and not YouTube. It was a big deal throughout the office. The interns came back, and what do you know, it was YouTube. I said go back that can’t be right. There’s no way, it can’t be YouTube, no way! It’s not possible, how is that possible! I lost the money, but I still think I’m right.

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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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