Nelson Miller Group Expands with New England Keyboard Acquisition
Deal News | Jun 17, 2025 | New Water Capital LP
New Water Capital LP has announced that its portfolio company, Nelson Miller Group (NMG), has acquired New England Keyboard (NEK). This acquisition is the fourth addition to NMG's platform since New Water’s initial investment in 2021. NMG, a leading provider of engineering, manufacturing, and supply chain solutions for OEMs in sectors like medical, aerospace, and industrial markets, shares a key focus with NEK on Human Machine Interface applications. NEK, a company established in 1986, specializes in ruggedized keyboards, membrane switches, and other interface products for high-reliability sectors including defense, medical, and semiconductor manufacturing. The acquisition aims to reinforce NMG’s capabilities and expand its presence in industries such as defense and aerospace, offering a more extensive portfolio of solutions and leveraging global resources. NEK founders, Dave Myers and Mark Yates, express optimism for new growth opportunities and enhanced offerings to customers under NMG’s leadership. This transaction also represents New Water Capital's fifth investment on the platform.
Sectors
- Private Equity
- Manufacturing
- Aerospace and Defense
- Technology (HMI Solutions)
Geography
- United States – New Water Capital and Nelson Miller Group are based in the United States, and the acquisition involves U.S. companies.
- Florida – New Water Capital is located in Boca Raton, Florida.
Industry
- Private Equity – Focuses on New Water Capital’s investment strategy in lower-middle market companies.
- Manufacturing – Both Nelson Miller Group and New England Keyboard operate in the manufacturing of engineering solutions and interface products.
- Aerospace and Defense – The article emphasizes the expansion of services and capabilities in high-reliability sectors such as aerospace and defense.
- Technology (HMI Solutions) – Both Nelson Miller Group and New England Keyboard focus on Human Machine Interface applications.
Financials
- Not specified – The financial terms of the acquisition are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| New Water Capital LP | Private Equity Firm | Company | A private equity firm focusing on lower-middle market industrial manufacturing companies. |
| Nelson Miller Group | Acquiring Company | Company | A full-service provider of engineering, manufacturing, and supply chain solutions, focusing on HMI applications. |
| New England Keyboard, Inc. | Target Company | Company | A manufacturer of components and assemblies for HMI applications in sectors like defense and medical. |
| Dave Myers | Co-founder of New England Keyboard | Person | Co-founder of NEK, involved in the transaction. |
| Mark Yates | Co-founder of New England Keyboard | Person | Co-founder of NEK, involved in the transaction. |
| Rich Fitzgerald | CEO of Nelson Miller Group | Person | CEO of the acquiring company, Nelson Miller Group. |
| Matt Carlos | Principal at New Water Capital | Person | Principal at the private equity firm, involved in the transaction. |