New Water Capital

New Water pursues control buyouts in lower-middle-market companies generating $30 million to $300 million in revenue across the consumer products and industrial manufacturing and services sectors. The firm targets businesses undergoing operational transition, succession-planning shifts, or growth-driven change. It combines a dedicated in-house operations team with traditional deal execution to drive value creation from underwriting through exit.

Managing Partners Jason Neimark and Brian McGee co-founded the firm. Both are former senior investment professionals at Sun Capital Partners, where Neimark served as a Managing Director for a decade and led more than 40 transactions. McGee was a Principal executing platform and add-on acquisitions. Their shared history at Sun Capital's Boca Raton office shaped the firm's operationally intensive approach.

The firm makes control equity investments directly into portfolio companies. The publicly available materials do not reference a fund-of-funds program or commitments to external private equity vehicles. The investment team structures each transaction as a direct platform or add-on acquisition.

The firm's partners draw on a network built across 40 transactions and two decades of lower-middle-market investing. Many targets are owner-founder businesses navigating succession or operational transitions, where relationships with intermediaries, lenders, and operating executives generate off-market opportunities. The firm has not disclosed a formal origination program, but team biographies reference long-standing ties with investment banks, lenders, and industry operators.

New Water focuses on North America, specifically the USMCA region. All disclosed portfolio companies — including Klosterman Baking Company, Pegasus Foods, and Nelson-Miller — are US-based. The firm's Boca Raton headquarters anchors its principal deal-sourcing activity across the continent.