PMCF Advises LidWorks in its Sale to New Water Capital

PMCF Investment Banking (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to LidWorks in its sale to New Water Capital Partners (“New Water”).

Founded in 1985 and based in Plant City, Florida, LidWorks has been family-owned and operated for more than four decades and is a leading manufacturer of custom foodservice lids. The Company offers a comprehensive portfolio of lids for hot and cold applications and serves major quick-serve restaurant and convenience store brands, as well as leading foodservice packaging manufacturers and distributors. LidWorks’ flexible production platform, broad customization capabilities, and collaborative product development approach have supported strong growth and established the Company as a trusted partner to its customers. The transaction aligns LidWorks with an experienced partner and positions the Company to continue building upon its strong market position and long-standing reputation for quality, reliability, and innovation.

Nicholas LaRosa, Vice President at New Water, said, “LidWorks represents exactly the type of business we seek to invest behind; it fits squarely within our long-standing commitment to the food & beverage and packaging sectors. We’re proud to partner with Ugo and the LidWorks management team to build on the strong foundation they’ve established. Looking ahead, we’ll continue to drive growth through investments in additional capacity and targeted M&A, with the goal of broadening the company’s capabilities and better serving our customers.”

Ugo Mazzarolo, President of LidWorks, said, “Now in our 42nd year, we are proud to have worked side-by-side with our customers to develop innovative, customized lid solutions that support their needs. Partnering with New Water provides us with additional resources as we continue to execute on our business plan, including expanding our facilities, products, and team.”

PMCF’s Plastics & Packaging Group, led by John Hart, was selected to serve as LidWorks’ exclusive financial advisor and investment banker in the transaction. Ugo Mazzarolo commented, “We are grateful for the guidance and expertise that John and the PMCF team provided throughout this process. Their knowledge of the rigid packaging industry, thoughtful advice, and execution helped us achieve a successful outcome. We would highly recommend PMCF to other business owners considering a transaction.”

John Hart, Managing Director and leader of PMCF’s Plastics & Packaging Group, remarked on the transaction, “We were pleased to represent Ugo and the LidWorks team in this once-in-a-lifetime transaction. LidWorks has built an outstanding reputation for quality, innovation, and customer collaboration. We believe the Company is well positioned for continued growth in their partnership with New Water.”

About LidWorks

Founded in 1985, LidWorks is a family-owned company based in Plant City, Florida. For 42 years, the company has been committed to designing and manufacturing the most reliable and specialized packaging designs in the industry. LidWorks offers a comprehensive line of foodservice lids, including hot and cold beverage lids, food, and specialty product lids, serving leading brands in the quick-serve and fast-casual restaurant sectors, as well as convenience store chains, food service packaging manufacturers and distributors.  For more information, visit www.lidworks.com.

About New Water Capital

New Water Capital L.P. is a private equity firm focused on lower-middle market B2B manufacturing and distribution companies in the industrials, industrial technology, food and beverage, niche engineered products, and packaging industries. New Water Capital’s collaborative transaction and operating model is built specifically to support companies in transition, building on their unique cultures and strengths. For more information, visit www.newwatercap.com.

About PMCF