Steve Karol: Thinking About the New Normal

Steve Karol, Watermill Group’s Managing Partner and Founder, widely known as our big picture strategic thinker, occasionally shares updates with Watermill’s friends, investors, and advisers on his thoughts on markets and economies. We call these missives Reflections From the Water’s Edge and are delighted to begin sharing them more broadly through our blog. We hope…

September 4, 2015 | , , , ,

The Watermill Group Acquires Quality Metalcraft Inc.

The Watermill Group acquires Quality Metalcraft, Inc. (QMC), a leading producer of engineered structural metal components and assemblies, providing advanced prototype, low-to-medium volume production and factory assist services to automotive and other specialty vehicle industries. Watermill will help QMC develop a long term strategy to deepen the company’s unparalleled commitment to service, while also driving…

July 1, 2015 | , , , , , , , , , , ,

Partner Profile: Meet Watermill Group’s Bob Ackerman

Providing internships to students interested in the private equity industry is an important part of the Watermill culture. Recently a few of our interns had the opportunity to sit down with Bob for an interview. Enjoy! How does your prior experience running Watermill Group portfolio companies help you in your role as a partner? Working…

June 26, 2015 | , , , , , , , ,

Pre-Takeover Profits Soar at Fine Tubes

In May 2015, Plymouth-headquartered Fine Tubes, along with US sister company Superior Tube, was acquired by electronic manufacturer Ametek for $200m (£128.4m). The businesses had previously been owned by private investment firm the Watermill Group since February 2012. According to the most recent accounts for Fine Tubes Ltd, covering the year ending 31 December 2014,…

June 19, 2015 | , , , , ,

Watermill’s Global Tubes Acquired by AMETEK, Inc.

Global Tubes is comprised of two businesses – Superior Tube Company, Inc. (Collegeville, PA) and Fine Tubes Ltd. (Plymouth, UK) – and was created in 2012 after they were acquired by The Watermill Group Sale price of $200 million represents significant return for The Watermill Group and its investors EBITDA more than doubled as a…

May 8, 2015 | , , , , , , , , , , , , ,

Tenere Completes Acquisition of Mountain Molding, LLC

Tenere Inc., a full service provider of complex metal and plastic components and assemblies, today announced the acquisition of Mountain Molding, LLC, a custom plastics injection molding company offering both tooling and production. The acquisition broadens Tenere’s plastics offering, and enhances their services and capabilities allowing customers to go from product design and prototyping to…

May 5, 2015 | , , , , , , , , , ,

Watermill Acquires Dazzling New Investment

APRIL FOOLS!  While we love the 70s, we have not actually invested in a disco ball manufacturer. We’ve removed the glittery background and crazy facial hair photos from the Watermill website, but the announcement below will live on.The old team photo above? That’s legit. If you look closely, you’ll be able to pick out Steve….

April 1, 2015

Happy Holidays From the Watermill Team!

Every year the Watermill team finds new and creative ways to embarrass the partners in our family style holiday card. This year, we let the dogs, Dash and Becket, choose the theme. It was no surprise then when they turned the tables on us: sick of wearing cute costumers and demeaning outfits, they made their…

December 23, 2014 | , , ,