NEWS

BLUEWATER ACQUIRES LME RESOURCE GROUP, INC.

Birmingham, MI – March, 2018 – BlueWater Equity Partners, LP (“BlueWater”) announced today that it acquired LME Resource Group, Inc. (“LME”). Headquartered in Sterling Heights, Michigan, LME is a boutique staffing company focusing on innovative technical talent solutions. LME endeavors to support customers through Advanced Manufacturing and Industry 4.0 methods in the Automotive, Energy, Defense and Manufacturing Industries. www.lmeresourcegroup.com

“We are very excited to join the BlueWater family of companies” stated Robi Mitra, LME’s CEO. “ LME Resource Group makes hiring easier. Our experts identify perfect-fit resources for your organization and work with you to integrate them into your team. We believe that BlueWater will compliment LME and assist us in our future growth.”

Joining the LME Resource Group’s management team is 20-year industry veteran Rich Pennock, LME’s COO. Prior to joining LME, Rich held several senior leadership roles within global staffing provider Kelly Services. Rich will be responsible for expanding LME’s infrastructure and managing customer success.

According to Richard Eriksen, a Director at BlueWater, “The acquisition of LME provides diversification, with a dynamic management team and tremendous growth potential.”

About BlueWater Equity Partners

Bluewater is a private equity firm investing in small cap companies. The firm will make equity investment to sponsor buyouts of well-positioned manufacturing and distribution companies. Through our operational development approach Bluewater’s philosophy is to align with strong management teams to build companies through organic growth and synergistic acquisitions. For more information visit us at www.bluewaterep.com.

BLUEWATER ACQUIRES WILLIAMSTON PRODUCTS, INC.

Birmingham, MI – January, 2018 – Bluewater Equity Partners, LP (“Bluewater”) announced today that it has acquired Williamston Products, Inc. (“WPI”). Headquartered in Williamston, Michigan, WPI is a leading provider of customized interior trim to the automotive industry. WPI has become a leader in the cut and sew industry, including the manufacture of first class finishes of A and B pillars, Center consoles, arm rests, shifters and other interior components. WPI has facilities in Williamston and Owosso, Michigan, as well as facilities in Del Rio, Texas and Acuna, Mexico.

“We are very excited to join the Bluewater family of companies” stated Aashir Patel, WPI’s President and one of the selling shareholders. “We believe that Bluewater’s experience and focus will compliment WPI and assist us in our future growth.”

According to Richard Eriksen, Bluewater’s Director, “the acquisition of WPI is a significant addition to the Bluewater portfolio of companies. It represents a significant increase in the size and character of the companies within our portfolio, while maintaining our focus on strong manufacturing companies with defensible upside and an exceptional management team.”

About BlueWater Equity Partners

Bluewater is a private equity firm investing in small cap companies. The firm will make equity investment to sponsor buyouts of well-positioned manufacturing and distribution companies. Through our operational development approach Bluewater’s philosophy is to align with strong management teams to build companies through organic growth and synergistic acquisitions. For more information visit us at www.bluewaterep.com.

BLUEWATER ACQUIRES DIVERSIFIED METAL PRODUCTS, INC.

Birmingham, MI – April 8, 2016– BlueWater Equity Partners, LP (“BlueWater”) is pleased to announce that it acquired a controlling interest in Diversified Metal Products, Inc. (“DMP”). BlueWater’s investment in DMP is the first out of its new fund following its initial close of funding in January 2016.

Headquartered in Gaylord, MI, DMP is a premier provider of aluminum die cast parts servicing the automotive, agriculture and recreation industries. The U.S. die casting market is fragmented and large with annual revenues of $32 billion, according to AFS Institute. BlueWater combined with the current owner/operators to pursue a buy-and-build initiative in the die casting sector.

Richard Eriksen, Director at BlueWater, said, “We are extremely pleased to make DMP the first acquisition at BlueWater. We were careful to make sure that we aligned ourselves with a strong management team who can help us achieve our collective goals. We believe that DMP and this management team, will serve BlueWater well in our strategy of building and growing within this sector.”

About BlueWater Equity Partners

BlueWater is a private equity firm investing in small cap companies. The firm will make equity investments of as little as $1 million to sponsor buyouts of well-positioned manufacturing and distribution companies. Through its operational and developmental approach BlueWater’s philosophy is to align with strong management teams to build companies through organic growth and synergistic acquisitions. For more information visit us at www.bluewaterep.com.

 

We utilize our experience to create value by ensuring that we have focused investments – being a “smart buyer,” pinpoint due diligence and engaged management.