This sponsor
- Observed deals
- 14
- Principals
- 12
- Latest deal
- Apr 2026
- Vehicles
- 4
- Latest vehicle
- Mar 20, 2026
The sponsor's name, 9 additional people, 22 additional capital, identity and service provider links, 45 additional deals and portfolio companies, 3 events, 2 verified contacts (1 email, 1 phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
ranked by who matters most in a conversation with this firm
- President, PartnerInvestment
President, Partner, the firm's investment decision-maker
- Confirmed professional email available
- Direct professional line available
- Chief Executive Officer, PartnerInvestment
Chief Executive Officer, Partner, the firm's investment decision-maker
- Confirmed professional email available
- Direct professional line available
- PartnerInvestment
Partner, a senior member of the deal team
- Confirmed professional email available
- Direct professional line available
- PartnerInvestment
Partner, a senior member of the deal team
- Confirmed professional email available
- Direct professional line available
- PartnerInvestment
Partner, a senior member of the deal team
- Confirmed professional email available
- Direct professional line available
4 more on the team, named with the product. See plans
9 confirmed professional emails and 8 direct lines for the people at this firm
Each one published by the firm or verified, never a guessed pattern, with the page it came from.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
- for: 4 single-deal acquisition vehicles
- for: deal vehicles with no pooled fund and no ADV registration
- for: 3 principals recur across the vehicles
- for: 14 announced transactions as buyer
- 7 platform or control deals, Jan 9, 2023 to Mar 11, 2026
- 6 add-ons bought by its portfolio companies
- 1 recapitalizations, 0 minority stakes
- Platform targets by state: AR 1, LA 1, CO 1, RI 1
No buy criteria were read from its website.
- Sectors transacted
- Industrial manufacturing (5); Tech enabled services (4); Consumer services (2); Industrial services (1)Factvertical of the acquired targets· 85%· DFX's own graph
- Sectors
- none observedFactForm D industry group of 4 vehicles· 80%· Federal regulator filings
- Geography
- IN (4) · MidwestFactstate of organisation / filing address of vehicles· 80%· Federal regulator filings
- Equity raised per vehicle
- $2.3M to $21.1M (median $10.5M, n=4)FactTOTALAMOUNTSOLD on each vehicle's Form D; a proxy for the equity check the sponsor raises per deal, not enterprise value· 80%· Federal regulator filings
- Control preference
- 100% of 4 vehicles flagged business combinationsInferenceshare of vehicles whose Form D flags a business combination· 80%· Federal regulator filings
- Security types
- Equity: 4Factsecurity types sold on the vehicles' Form Ds· 80%· Federal regulator filings
- Activity
- 4 vehicles, first 2026-03-04, latest 2026-03-20, 4 in the last 12 monthsFactForm D filing dates· 95%· Federal regulator filings
- Principal count
- 10Factrelated persons across the vehicles· 90%· Federal regulator filings
Verified sponsor. Evidence identifies a firm: a publisher named it as the buyer in an announced transaction, a law firm or capital partner page names it as an independent sponsor, or its own site says so.
4 acquisition or co-investment vehicles filed on SEC Form D were joined to this record by shared executive officers or promoters, or by a shared filing address. Every edge below carries the evidence that produced it.
Nothing on this page comes from a website claim unless it is labelled as such with the URL.
- Repeat relationshipLongWater Capital Solutions has financed 3 observed this sponsor transactions (2025 to 2026).Roles: capital provider, lender
- Mar 11, 2026Watershield Industrieshkwinc.com
- Feb 19, 2026Handling Systems and Conveyors, Inc.hkwinc.com
- Jul 14, 2025Sepratech Liquid Solutionshkwinc.com
- Repeat relationshipSiguler Guff & Company has financed 2 observed this sponsor transactions (2026).Roles: capital provider, lender
- Mar 11, 2026Watershield Industrieshkwinc.com
- Feb 19, 2026Handling Systems and Conveyors, Inc.hkwinc.com
- Repeat relationshipBrookside Capital Partners has financed 2 observed this sponsor transactions (2025 to 2026).Roles: capital provider, lender
- Feb 19, 2026Handling Systems and Conveyors, Inc.hkwinc.com
- Jul 14, 2025Sepratech Liquid Solutionshkwinc.com
| Date | Company | Financed by | Role | Amount | Source |
|---|---|---|---|---|---|
| Mar 11, 2026 | Watershield Industries Manufacturing | Capital provider | capital provider | Not disclosed | no URL |
| Mar 11, 2026 | Watershield Industries Manufacturing | Siguler Guff & Company | lender, capital provider | Not disclosed | no URL |
8 more facts and signals are on record for this page. They name the firms involved and open with Independent Sponsor Intelligence.
- Taft Stettinius & Hollister LLP · Bob Hicks, Lonnie Johnson and 9 more10 observed engagements
- Jackson Walker LLP · Madison Alexander, Natalie Kosydar1 observed engagementSeller counsel, Company counsel. Most recent deal, Feb 19, 2026 Jackson Walker
- Williams Mullen1 observed engagementCompany counsel. Most recent deal, Aug 4, 2025 hkwinc.com
DFX has not observed these firms together on any transaction in our coverage. That is a statement about what DFX has read, not about the firms: a deal that was never announced, or announced without naming its capital, cannot appear here.
Coverage behind this list: 3 providers observed financing sponsors in these 4 sectors · 12 of this firm's own deals read in them · most recent of theirs observed Sep 9, 2026.
- seen as equity coinvest, equity provider, lender, mezzanine
- seen as capital provider, co sponsor, equity coinvest, equity provider
- seen as capital provider, co sponsor, equity coinvest, equity provider
Read from the sectors this firm has actually bought in: manufacturing (5), tech-enabled services (4), consumer services (2), industrial services (1).
- Mar 11, 2026Platform acquisitionconfidence 92%Hennepin Partners · AdvisorCapital For Business (CFB) · Capital providerLongWater Capital Solutions · Capital providerSiguler Guff & Company · Capital providerTaft Stettinius & Hollister LLP · CounselDeal team: 2 firms · DFX analyst research (General-assisted, every claim URL-cited) no URL
- Feb 19, 2026Platform acquisitionconfidence 93%· AdvisorLongWater Capital Solutions · Capital providerSiguler Guff & Company · Capital providerBrookside Capital Partners · Capital providerTaft Stettinius & Hollister LLP · CounselJackson Walker LLP · CounselDeal team: 3 firms · DFX analyst research (General-assisted, every claim URL-cited) no URL · hkwinc.com hkwinc.com · jw.com jw.com
- Apr 27, 2026Add onconfidence 85%Deal team: 1 firm · DFX analyst research (General-assisted, every claim URL-cited) no URL
| Vehicle | Linked by | Conf. |
|---|---|---|
| HKW Ascend Aggregator, LLC | Shared principal, Shared address | 95% |
| Watershield TopCo, LLC | Shared principal, Shared address | 95% |
| HKW Watershield Aggregator, LLC | Shared principal, Shared address | 95% |
- Mar 11, 2026Acquisition announcedDFX analyst research (General-assisted, every claim URL-cited) no URL
- Feb 19, 2026Acquisition announcedDFX analyst research (General-assisted, every claim URL-cited) no URL
- Jan 29, 2026Acquisition announcedDFX analyst research (General-assisted, every claim URL-cited) no URL
- Aug 4, 2025Acquisition announcedDFX analyst research (General-assisted, every claim URL-cited) no URL
- Jul 14, 2025Acquisition announcedDFX analyst research (General-assisted, every claim URL-cited) no URL
4 vehicles filed in the last 12 months; latest filing Mar 20, 2026, first observed Mar 4, 2026.
- UnnamedExecutive Officer/Director/Promoter
- a named professionalExecutive Officer
- a named professionalExecutive Officer/Director/Promoter
- Executive Officer/Director/Promoter · Revealable: 1 business phone (the firm's own page), 1 professional profile (the firm's own page), 1 work email (the firm's own page)
- a named professionalExecutive Officer/Director/Promoter · Revealable: 1 business phone (the firm's own page), 1 professional profile (the firm's own page), 1 work email (the firm's own page)
- a named professionalExecutive Officer · Revealable: 1 professional profile (the firm's own page), 1 work email (the firm's own page)
Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan
| Fact | Value | Class | Source |
|---|---|---|---|
| Entity kind | Independent sponsor firm | Fact | SBIA Independent Sponsor Forum roster sbia.org |
| Entity kind | Independent sponsor firm | Inference | DFX model output (scores, estimates, matches) no URL |
| Entity kind | Unknown investment entity | Inference | DFX model output (scores, estimates, matches) no URL |
| Sponsor classification | Independent sponsor firm | Fact | SBIA Independent Sponsor Forum roster sbia.org |
| Sponsor classification | Independent sponsor | Inference | DFX model output (scores, estimates, matches) no URL |
| Sponsor classification | Independent sponsor | Inference | DFX model output (scores, estimates, matches) no URL |
| Sponsor classification | Independent sponsor | Inference | DFX model output (scores, estimates, matches) no URL |
Is this your firm? Correct this recordWork at This sponsor, or see something wrong? Tell us and a person reads it.
This sponsor is the same institution as 3 records in Private Equity, RIA and Wealth and Private Credit.
DFX found 3 relationships across 3 datasets
Which record it is in each graph, what it is called there, and what the two were joined on.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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