The Watermill Group
watermill.com Direct investor
The Watermill Group is a private investment firm that acquires and operates companies, focusing on strategic transformation. It targets businesses with revenues between $35 million and $300 million and EBITDA between $3 million and $15 million, primarily in North America and Europe.
The Watermill Group is a private equity firm headquartered in Boston, United States, founded in 1978. It invests directly in companies, from growth to buyout, in aerospace and Defense, automotive and Heavy Truck, building Products and Services and chemicals.
“We seek businesses at a pivotal turning point with the following characteristics: Size: $35–$300M in revenues, $3–$15M in EBITDA, Strategic acquisitions for portfolio companies.”
— The Watermill Group, own website
- Layer
- Direct investor
- Type
- Private equity
- Headquarters
- Boston, United States
- Invests in
- US, Canada, Mexico, UK & Europe
- Sectors
- Aerospace and Defense, Automotive and Heavy Truck, Building Products and Services, Chemicals, Distribution and Services, Energy and Energy Services, Food Products and Services, Industrial Components
- Founded
- 1978
Team, as The Watermill Group publishes it
- Julia Karol President and COO
- Steven E. Karol Managing Partner and Founder
- Dale S. Okonow Senior Partner
- Benjamin P. Procter Senior Partner
- Robert W. Ackerman Senior Partner
- Timothy C. Eburne Partner Emeritus
Names and roles exactly as listed on watermill.com. Nothing else about these people is recorded.
Co-invests most often with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 21 co-investors found.
- Astella Investimentos 1 shared company: sharefile.com
- Balbec Capital LP 1 shared company: sharefile.com
- BayBoston Managers LLC 1 shared company: sharefile.com
- Bear Creek Asset Management, LLC 1 shared company: sharefile.com
- Ceres Partners, LLC 1 shared company: sharefile.com
- Cerity Partners Ventures 1 shared company: sharefile.com
- CID Capital 1 shared company: sharefile.com
- Concord Health Partners 1 shared company: sharefile.com
- CPC Management, LLC 1 shared company: sharefile.com
- GMB Capital Partners 1 shared company: sharefile.com
and 11 more — the graph.
Where this comes from
Every fact above was read from a page The Watermill Group publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.
- https://www.watermill.com/name, is_investor, type, hq_country, hq_city, description, founded, status, confidence
- https://www.watermill.com/strategy/layer
- https://www.watermill.com/investment-approach/invests_in_geographies, stage_min, stage_max, sectors, thesis_quote, thesis_quote_page
- https://www.watermill.com/people/people
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Record 4618 · added 2026-09-03 · link last verified 2026-09-06 · confidence high
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