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LongWater Opportunities
LongWater is a private markets investment firm focused exclusively on the lower middle market. Its Capital Solutions team offers multi-faceted strategies...
LongWater Opportunities
LongWater is a private markets investment firm focused exclusively on the lower middle market. Its Capital Solutions team offers multi-faceted strategies including private credit, minority equity and LP commitments. On the Private Equity side, the firm targets majority positions in high-potential lower-middle-market industrial businesses.
General information
Firm type
Private Equity
Year founded
2009
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Principals
Jordan Bastable
Co-Founder & Partner
Travis Baldwin
Co-Founder & Partner
Sector focus
Frequently asked questions
How does LongWater source its deals?
Sourcing relies heavily on direct relationships with business owners, intermediaries, and regional accounting and law firms in the industrial Midwest and Southeast. The firm does not participate in broad auction processes. Its thesis — a patient buyer who will not immediately resell — is the primary sourcing advantage, appealing directly to founders who care about the legacy of the company and its workforce.
Does LongWater operate as a traditional private equity fund with a fixed hold period?
No. LongWater explicitly markets its indefinite hold posture. The firm tells founder-sellers the business will not be flipped to a strategic or another sponsor inside a standard 3-to-5-year window. This positions the firm structurally closer to a family holding company or an industrial perpetuity owner, which is unusual for a private equity firm of its size in the lower middle market.
Who runs investment decisions at LongWater?
Investment decisions are made by co-founders and partners Jordan Bastable and Travis Baldwin. The firm operates with a flat structure and does not publicize an investment committee beyond the founders. Their backgrounds combine finance and operational experience relevant to industrial deal-making, though specific pre-founding roles are not uniformly detailed in public disclosures.
Which sectors and geographies does LongWater target?
The firm targets precision manufacturing, engineered products, industrial services, and niche fabrication businesses. Geographically, LongWater concentrates on the American manufacturing heartland — the Midwest, Southeast, and Texas — where a dense fabric of owner-operated industrial businesses face succession-driven sales (per the firm's official communications).
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