# New Water Capital

New Water Capital is an Asset Manager based in Boca Raton, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boca Raton, United States
- **Region:** North America
- **Address:** 2424 N Federal Hwy, Suite #418, Boca Raton, FL 33431, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** newwatercap.com
- **LinkedIn:** https://www.linkedin.com/company/new-water-capital-l-p

## Regulatory record

- **CRD number:** 226608
- **SEC file number:** 801-96331
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/226608

## About

New Water Capital is an SEC-registered investment adviser in Boca Raton, FL, registered since 2015. The firm manages approximately $454 million in regulatory assets. It has 12 employees and 12 investment advisers.

## Sectors

- Consumer Products
- Industrial Manufacturing & Services

## People

- Jason Neimark — Managing Partner
- Brian McGee — Managing Partner
- Dwight Closson — Partner, Head of Operations
- Brian Pawlowski — Chief Financial Officer

## Questions

### What is New Water Capital's investment strategy?

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.

### Who founded New Water Capital and what is their background?

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.

### Does New Water Capital participate in fund commitments or only direct deals?

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.

### How does New Water Capital source proprietary deal flow?

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.

### What geographies does New Water Capital target?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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