Foley & Lardner advised LongWater Opportunities on the deal.
LongWater Opportunities (LongWater) announced the sale of its portfolio company, SBS Holdings, LLC, to Monument MicroCap Partners, LLC, a Midwest-based private equity firm.
Headquartered in Dallas, LongWater is an operationally focused private equity firm specializing in control equity investments in family-owned and operated U.S.-based manufacturing companies. SBS is a specialty interior building products component platform selling directly to professional installers, assemblers, and manufacturers, primarily addressing residential interior renovations. SBS operates two market-facing brands, San Benito Shutter and Lewis Cabinet Specialties. Foley represented LongWater in its acquisition of San Benito Shutter in 2016 and Lewis Cabinet Specialties in 2018.
The Foley team serving as counsel for LongWater in the sale of SBS was led by Partner Chris Converse (Picture) and included Partner Michael Donohue and Associates Arthur Vorbrodt and Justin Cajero.
Law Firms: Foley & Lardner LLP;
Clients: LongWater Opportunities ;