On January 18, 2022, New Water Capital announced that it has acquired Chainlogix. Chainlogix will merge with current New Water portfolio company Nelson Miller Inc., a full-service provider of custom engineered components and assemblies for critical applications across Medical, Aerospace & Defense and Industrial end markets. Seward & Kissel is pleased to have represented Chainlogix in connection with this middle market M&A transaction.

Chainlogix is a Troy, Virginia-based provider of engineered components, assemblies and supply chain management solutions to customers across the industrial, lighting and electronics landscape. New Water Capital is a Boca Raton, Florida-based private equity firm focused on lower-middle market companies in the consumer products and industrial manufacturing and services sectors with revenues of $30 million to $300 million.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping” and “also handles complex middle-market deals in the media industry and international sell-side M&A.”

The company’s press release describing this transaction is available here.