#USA #Boston #Watermill Group #Cooper Turner Beck #Waterland Private Equity

Watermill Group Completes Sale of Cooper Turner Beck (CTB) to Waterland Private Equity

Watermill Group, a strategic private investment firm, has successfully concluded the sale of Cooper Turner Beck (CTB) to Waterland Private Equity, a European investment company focusing on expanding industrial businesses. This sale marks a major milestone in CTB's journey and presents new opportunities for growth under Waterland's ownership.

Overview of Cooper Turner Beck

CTB has established itself as a global provider of critical fastening solutions essential for safety in sectors such as energy, power generation, and construction. The company's products are crucial for clients that depend on high-quality fasteners to operate in challenging environments. With years of dedication to developing robust fastening solutions, CTB has earned a reputation for excellence and reliability worldwide.

Under the leadership of Watermill Group, CTB underwent transformative acquisitions and expanded its operations significantly. The company increased its presence from three to eight countries, with a total of 21 production sites around the globe. This remarkable growth tripled the workforce while positioning CTB as the foremost provider of critical fastening systems within the global energy sector.

Anthony Brown, the CEO of Cooper Turner Beck, expressed his pride in the company's trajectory during its partnership with Watermill Group. “We focused our strategy on the total energy market through organic developments and acquisitions. This directed approach has allowed us to broaden our client base, enhance our product portfolio, and expand our global footprint. Our dedication to quality and performance has fueled our profitability and growth,” he stated.

The Sale to Waterland

The interest in CTB from a strong pool of buyers showcases the company’s intrinsic value and performance in a competitive market. Steven Karol, managing partner at Watermill Group, shared his pride regarding CTB's growth during its integration into their portfolio. He emphasized the collaborative effort between Watermill and CTB’s leadership team, emphasizing their unified vision and commitment to fostering the company’s development. “We are eager to see the continuation of CTB’s success under its new partnership with Waterland,” Karol said.

The sale transaction was facilitated by Baird, who provided advisory services on the sell-side, while Jasso Lopez and CMS offered legal services during the process.

Watermill Group's long-term growth strategy is underscored by this sale, reflecting their extensive experience in transforming and developing market-leading companies over the past four decades. Their approach combines strategic vision with management expertise, enabling businesses to realize their full potential and achieve sustained growth.

Conclusion

The completion of this sale marks a significant shift for Cooper Turner Beck as it begins a new chapter under Waterland Private Equity. With the potential for further innovation and market expansion, CTB is poised to strengthen its standing in the industry while continuing to deliver high-quality solutions in fastening technology. Watermill Group remains committed to its strategy of identifying and nurturing companies with potential for transformation, ensuring a bright future for all parties involved in this transaction.