Fresh Water Ventures

Fresh Water Ventures is a private equity fund based in Michigan. We fill a need for "Transition Capital," assisting small business owners entering...

Overview

Fresh Water Ventures is a private equity fund based in Michigan. We fill a need for "Transition Capital," assisting small business owners entering their next stage of life by keeping the business local, protecting their legacy, and developing the next generation of leaders.

Website

www.freshwater.ventures

linkedin.com/company/fresh-water-ventures

General information

Firm type

Venture Capital

Year founded

2018

Location

Region

North America

Country

United States

City

Parma

Corporate office

7600 McCain Rd, Parma, MI 49269, United States

Principals

Mitch Harrington

Co-founder

Ryan Harrington

Co-founder

Sector focus

Industrial TechReal EstateClimateTech

Who runs investment decisions at Fresh Water Ventures?

Co-founders Mitch and Ryan Harrington lead all acquisition and operational decisions. The brothers spent more than 20 years in the fencing and decking industry before launching Fresh Water Ventures, and they remain the sole named principals publicly associated with the firm.

What is Fresh Water Ventures' typical deal size, and why does it focus on that range?

Fresh Water Ventures targets businesses valued at $1 million to $3 million. This band is deliberately below the floor of most institutional private equity funds, which tend to pass on sub-$5 million enterprise-value deals. The firm describes that gap as a market failure in transition capital — small industrial owners often lack a buyer when they retire, forcing liquidation or closure.

Which sectors does Fresh Water Ventures explicitly target?

The firm acquires small manufacturers and field-service companies in rural Michigan and Northern Indiana. Its current portfolio includes HVAC service providers, a precision machining shop, a high-frequency drive manufacturer, and outdoor-products fabricators. It does not invest in technology, healthcare, or consumer brands.

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