Foley & Lardner LLP announced today it served as counsel to its longtime private equity client, LongWater Opportunities (LongWater), in the sale of its portfolio company, SBS Holdings, LLC, to Monument MicroCap Partners, LLC, a Midwest-based private equity firm. Since 2014, Foley has represented LongWater in connection with its various fund formation and M&A activities.
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.
