Firm at a glance
New Water Capital is a platform private equity firm headquartered in Boca Raton, FL, per its website [S1].
What they buy
New Water Capital’s portfolio reflects a focus on consumer products and industrial manufacturing businesses, per its publicly listed holdings [S2]. The firm appears to pursue platform investments in branded food and consumer goods companies, with recent activity including honey producer Dutch Gold Honey (acquired March 2025) and bakery operator Klosterman Baking Company (acquired July 2022) [S2][S3]. The industrial manufacturing portfolio includes electronics manufacturing services and precision components businesses [S2].
Portfolio
Consumer Products
**Dutch Gold Honey** (platform, acquired March 2025) [S2]
**Klosterman Baking Company** (platform, acquired July 2022) [S2]
**The Perfect Bite Co** [S2]
**Pegasus Foods, Inc.** [S2]
**Custom Made Meals** [S2]
Industrial Manufacturing
**Gravis** [S2]
**LUXIT Group** [S2]
**Nelson-Miller, Inc.** [S2]
**Emerald EMS** [S2]
Recent activity (last 24 months)
* **June 17, 2025**: Acquired New England Keyboard as an add-on [S3]
* **March 3, 2025**: Acquired Dutch Gold Honey [S3]
* **August 7, 2024**: Exited Trillium Health Care Products [S3]
How this firm fits a seller
New Water Capital appears to target established businesses in consumer products and industrial manufacturing that can serve as platforms for sector consolidation, based on its observed portfolio composition [S2]. The firm’s recent activity demonstrates both platform acquisitions and add-on transactions, with approximately one add-on completed in the trailing twelve months per public records [S3]. Sellers in branded food, specialty consumer goods, or precision manufacturing may find sector alignment with the firm’s existing holdings [S2]. The August 2024 exit of Trillium Health Care Products indicates active portfolio management and realization activity [S3].
Sources
[S1] https://www.newwatercap.com (as of 2025-01-15)
[S2] https://www.newwatercap.com/portfolio/ (as of 2025-01-15)
[S3] https://www.newwatercap.com/news/ (as of 2025-01-15)
Frequently asked questions
Does New Water Capital buy consumer products businesses?
Yes, consumer products represents a significant portion of New Water Capital’s portfolio, per its website [S2]. The firm holds platform investments in food manufacturing including Dutch Gold Honey and Klosterman Baking Company, along with several other food and consumer goods businesses [S2].
What companies has New Water Capital acquired recently?
New Water Capital acquired Dutch Gold Honey in March 2025 as a platform investment and New England Keyboard in June 2025 as an add-on, per its news page [S3]. The firm also completed an exit of Trillium Health Care Products in August 2024 [S3].
Where is New Water Capital based and how big is the firm?
New Water Capital is based in Boca Raton, FL [S1]. Fund size and assets under management were not publicly disclosed in materials reviewed as of January 2025.
Is New Water Capital still actively acquiring?
Yes, New Water Capital completed two acquisitions in 2025, including the platform purchase of Dutch Gold Honey in March and the add-on acquisition of New England Keyboard in June, indicating active deal activity [S3].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.