LongWater Announces Final Closing of Inaugural SBIC FundLongWater, a private markets investment firm focused exclusively on the lower middle market, today announced the final closing of its inaugural SBIC fund (the “Fund”). The Fund exceeded its target of $262,500,000, inclusive of private capital commitments and leverage provided through the U.S. Small Business Administration’s (“SBA”) Small Business Investment Company (“SBIC”) program.
LongWater Completes First SBIC Fund Investment with Valley Lighting
LongWater is pleased to announce its investment in Valley Lighting, a provider of commercial lighting and shading solutions based in Linthicum Heights, Maryland. The investment marks the first deployment of capital from LongWater’s inaugural SBIC (Small Business Investment Company) fund.
LongWater Partners with Industry Executives to Form Cypress Rail Solutions
LongWater today announced the formation of Cypress Rail Solutions (“Cypress”), a new railcar services company that it formed in partnership with longtime industry executives Randy Meyer and Brian Trammell. Today, Cypress announced its first acquisition: certain railcar maintenance assets of Northern Plains Rail Services (“Northern Plains”), a diversified provider of rail services. Cypress plans to build a significant railcar services platform through additional expansion and investment.
