One Rock Capital Partners LLC, in partnership with Metropoulos & Co., has acquired Nestlé Waters North America, provider of bottled water in North America, from Nestlé S.A. In conjunction with the completion of the transaction, Dean Metropoulos has been appointed chairman and interim chief executive officer of the company.

Latham & Watkins LLP acted as legal counsel to One Rock, and BofA Securities Inc. and RBC Capital Markets LLC acted as its financial advisors. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Metropoulos & Co. with respect to the transaction.