Private Equity Firm Financial Services

LongWater Opportunities

Fargo, North Dakota, United States

Alternative asset management firm focused on the lower middle market. LongWater invests in and partners with business owners and management teams to build enduring value through private equity, private credit, and co-investment strategies, with offices in Fargo, Dallas, and St. Louis.

Focus Areas
Alternative asset management, Private equity, Private credit

Tracked deals

15

15 tracked deals across 2016-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

7 addon · 7 buyout · 1 growth capital

LongWater Opportunities Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for LongWater Opportunities. 1 2018 1 2019 1 2021 4 2022 2 2023 3 2024 1 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 15 tracked deals for LongWater Opportunities.

  • Buyer
    LongWater Private Equity
    Target
    Blastco
    Seller
    Terry Warren
    Type
    Buyout

    LongWater Private Equity acquired a majority stake in Blastco, a Channelview, Texas-based provider of surface preparation, industrial coatings, and tank rehabilitation services. Founder Terry Warren retained a minority ownership stake, and Blastco will anchor LongWater’s planned national industrial coatings platform and buy-and-build strategy.

  • Buyer
    Caymus Equity Partners LLC, SI Private Capital, LongWater Capital Solutions, Midwest Mezzanine Funds, Enterprise Bank
    Target
    Valley Lighting, LLC
    Type
    Buyout

    Caymus Equity Partners has acquired Valley Lighting, a Linthicum Heights, Maryland-based commercial lighting and shading solutions provider, with CEO Kathy Deppe and EVP Tommy Jones retaining meaningful ownership and remaining in leadership. The May 1, 2025 transaction was supported by SI Private Capital, LongWater Capital Solutions, Midwest Mezzanine Funds and Enterprise Bank; Caymus plans to help Valley expand its geographic footprint and grow its service offerings into key end markets such as data centers, government, and healthcare.

  • Buyer
    Tecum Equity, UMB Capital Corporation, LongWater Capital Solutions
    Target
    Kadon Precision and Aerospace
    Industry
    Manufacturing
    Type
    Buyout

    Tecum Equity has made an investment in Kadon Precision and Aerospace, a Rockford, Illinois-based precision machining and contract manufacturing company, with Kadon CEO Justin Franklin remaining in place. The deal includes senior debt from First Financial Bank and mezzanine/equity co-investment from UMB Capital Corporation and LongWater Capital Solutions; Tecum intends to support Kadon's growth through capability investments and add-on acquisitions.

  • Buyer
    LongWater Opportunities, Cypress Rail Solutions
    Target
    Northern Plains Rail Services
    Seller
    Northern Plains Rail Services
    Industry
    Transportation
    Type
    Buyout

    LongWater Opportunities partnered with industry executives Randy Meyer and Brian Trammell to form Cypress Rail Solutions, a new railcar services platform. Cypress completed its first acquisition of certain railcar maintenance assets (locations in North Dakota and Minnesota) from Northern Plains Rail Services and plans further expansion across additional geographic markets to build a significant railcar services platform.

  • Buyer
    Midland Garage Door, LongWater
    Target
    Martin Door
    Type
    Addon

    Midland Garage Door, a LongWater portfolio company, has acquired Martin Door, a Salt Lake City-based manufacturer of residential and commercial overhead garage doors. The add-on acquisition expands Midland's manufacturing capabilities and geographic footprint across the Mountain West, West Coast, and Southwest, aiming to deliver product and distribution synergies.

  • Buyer
    LongWater Opportunities
    Target
    Midland Garage Door

    LongWater Opportunities has made a strategic growth investment in Midland Garage Door, a West Fargo-based manufacturer of residential and commercial overhead garage doors founded in 1979. The partnership is intended to support Midland's growth plans while preserving the company's culture and operational strengths.

  • Buyer
    LongWater Opportunities
    Target
    Thermotec Glass
    Seller
    Luis Najarro
    Type
    Addon

    LongWater Opportunities, a Dallas- and Fargo-based private equity firm, has acquired Thermotec Glass, a Georgetown, Texas-based fabricator of custom insulated and interior glass products. The deal is the first add-on to Glass Fab Holdings and LongWater portfolio company M3 Glass Technologies and is intended to expand product capabilities and grow wallet share with glaziers and installers across Central and South Texas; the seller was Thermotec's founder, Luis Najarro.

  • Buyer
    Longwater Opportunities
    Target
    Jetta Corporation
    Seller
    Consortium of forty-three investors
    Type
    Buyout

    Longwater Opportunities, an operationally focused private equity firm, has acquired Jetta Corporation, an Edmond, Oklahoma-based manufacturer of acrylic bathtubs. Terms were not disclosed; Jetta was owned by a consortium of 43 investors and was represented in the sale by ClearRidge.

  • Buyer
    LongWater Opportunities
    Target
    Interia Hospitality, Studio E/L
    Seller
    Tara Materials, Inc.
    Industry
    Manufacturing
    Type
    Addon

    LongWater Opportunities, a Dallas- and Fargo-based private equity firm, has acquired Interia Hospitality and Studio E/L from Tara Materials, Inc., and combined them under its Art is Love Holdings platform. The deal brings two art consulting, publishing, and manufacturing businesses—serving hospitality, healthcare, senior living and corporate end markets—into LongWater's portfolio to expand service offerings and consolidate capabilities in commercial art production.

  • Buyer
    M3 Glass Technologies, LongWater Opportunities
    Target
    Thermotec Glass
    Seller
    Luis Najarro
    Type
    Addon

    M3 Glass Technologies has acquired Thermotec Glass, a Georgetown, Texas-based insulated glass manufacturer founded in 1995. M3 — a portfolio company of private equity firm LongWater Opportunities — will retain owner Luis Najarro and Thermotec’s management team and expand M3’s capabilities by adding a state-of-the-art insulated glass line at the Georgetown facility.

  • Buyer
    LongWater Opportunities
    Target
    Pistil Designs
    Type
    Addon

    Dallas-based private equity firm LongWater Opportunities has acquired Pistil Designs, a Hood River, Oregon–based designer of premium headwear, bags and outdoor accessories. The deal adds Pistil to LongWater’s Great Socks Holdings platform (which includes Fox River Mills and Standard Merchandising Company) to expand product offerings and leverage U.S. manufacturing partnerships.

  • Buyer
    LongWater Opportunities
    Target
    XCaliber Container
    Seller
    Justin Shubert, Brent Isom
    Industry
    Manufacturing
    Type
    Buyout

    Dallas-based private equity firm LongWater Opportunities has acquired XCaliber Container, a Graham, Texas manufacturer of shipping containers and custom-fabricated container structures. XCaliber — founded by Justin Shubert and Brent Isom and serving residential, commercial and storage markets across the Midwest — will be LongWater's first investment from its flagship third institutional fund to support growth and operational scaling.

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