Watermill Group Expands Team
LEXINGTON, Mass.–(BUSINESS WIRE)–The Watermill Group, a strategy driven private investment firm, has expanded its team with three key hires spanning marketing, transactions and administration. As Director of Marketing, Sarah Bowen works on marketing and business development initiatives for the firm, as well as marketing strategy for select Watermill portfolio companies. Matt Bergin, who previously spent two and a half years with Watermill Group, has rejoined as Director of Transactions and is responsible for evaluating and coordinating potential transactions, as well as providing project-specific assistance to portfolio companies. Additionally, Kaari Purstell has joined the team as an Executive Assistant and Manager of Administration.
Ms. Bowen has 10 years of marketing experience. She joins Watermill from King Fish Media, a boutique content marketing agency, where she served as account manager for clients such as Bank of America, Fidelity, IP.com, Joseph’s Pasta, Mass Mutual, and Penske. Previously, Ms. Bowen held positions at Simon & Schuster, FashionPlaytes, and Foodista, where she developed marketing and management expertise and gained insights into a wide range of industries. Ms. Bowen received an MBA from the Tuck School of Business at Dartmouth and a B.A. from Bates College.
Mr. Bergin has 7 years of experience in private equity. He returns to Watermill from Lazard, where he raised capital for private equity clients and completed secondary advisory transactions, including limited partnership portfolio sales and fund restructurings. Previously, Mr. Bergin worked at Newbury Partners as a Senior Associate where he supported the transaction team across all secondary related functions, including evaluation and monitoring of portfolio investments, participating in more than $250 million of secondary investments, co-investments and primary fund investments. Mr. Bergin received a B.S. from Georgetown University.
“We believe we have built an extraordinary team at Watermill, with each member pulling together to help develop creative strategies to acquire and transform companies,” said Founder and Managing Partner, Steven Karol. “Sarah, Matt and Kaari share Watermill’s passion for helping companies achieve their full potential. The Partners at Watermill are deeply committed to training and developing our next generation of leaders in the private investing industry and it starts with talented people such as these three.”
With these additions, the Watermill team now numbers 16 people, including six partners and three principals. Watermill continues to grow its team, along with its portfolio of manufacturing companies.