New Water Capital, through an affiliate, has acquired Chainlogix, a provider of engineered components, assemblies and supply chain management services in industrial, lighting, and electronics segments.
NWC will merge the acquired firm with its portfolio company, Nelson Miller Inc., a provider of engineered components and assemblies for critical applications across medical, aerospace and defense & industrial clients. Chainlogix adds global sales and sourcing expertise to New Water Capital’s Fund II and its affiliate, Nelson Miller.
“We are excited to build upon our first platform in Fund II through the Chainlogix acquisition,” said Matt Carlos, principal at New Water Capital. “Through the combination of Nelson Miller and Chainlogix, the growing enterprise will have access to expanded engineering and supply chain management resources, while leveraging captive electromechanical assembly and functional printing capabilities.”
“We feel as though we found the perfect partners in New Water and Nelson Miller to help accelerate our growth trajectory,” said CLX founder-owner Rick Perrault. “New Water’s success in building technology-driven solutions providers and the out-of-the-box synergies with Nelson Miller make for a perfect fit for our team’s aspirations and goals.”
Law firm Seward & Kissel LLP represented Chainlogix in connection with this transaction. The Seward & Kissel team was led by partners Jim Abbott, Jonathan Brose and Anne Patin, counsel Dora Pulido and associate Edward Matzner.