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The Watermill Group
The Watermill Group is an SEC-registered investment adviser in Boston, MA, registered since 2022. It manages approximately $178 million in regulatory assets.
Overview
The Watermill Group is an SEC-registered investment adviser in Boston, MA, registered since 2022. It manages approximately $178 million in regulatory assets. The firm has 13 employees and 9 investment advisers.
General information
Firm type
Multi Family Office
Year founded
1974
Location
Region
North America
Country
United States
City
Boston
Corporate office
Lexington, MA, United States
Principals
Steven Karol
Managing Partner
Erik S. Karol
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at The Watermill Group?
Steven Karol, Managing Partner, has led the firm since 1980. His son Erik S. Karol also serves as Managing Partner, with both sharing responsibility for deal sourcing, underwriting, and portfolio oversight.
How does The Watermill Group source proprietary deal flow?
The firm relies on an in-house team for direct sourcing, supplemented by relationships with middle-market intermediaries, investment banks, and an extensive network built over decades. The Watermill Group often targets businesses where it can apply operational improvements as a differentiating factor.
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