New Water Capital, LP, a private equity firm focused on lower-middle market companies, has purchased Nelson-Miller, Inc., a full-service provider of custom, engineered components across medical, aerospace & defense and industrial markets.

New Water Capital’s newest platform investment will focus on serving the design and manufacturing needs of its technologies.

“Our team sees huge market opportunity for companies such as Nelson-Miller that develop, produce and support the increasingly complex components used in a wide spectrum of today’s highly technical, essential products,” said Brian McGee, partner at New Water.

“Nelson-Miller is known for product quality, engineering prowess, and customer service, and for the ability to provide custom solutions that go beyond simply manufacturing or product sourcing to support our customers throughout the entire lifecycle of their products,” added Hosmel Galan, CEO at Nelson-Miller.