Watermill Express Continues Growth with $410 Million Fund
Funding | Jul 21, 2025 | Brentwood Associates Inc
Brentwood Associates, a prominent private equity firm focused on middle-market investments, announced the successful closing of a $410 million single-asset continuation fund. This fund is oversubscribed and aims to bolster the growth of Watermill Express, a leading provider of affordable and safe drinking water and ice. The strategic financing initiative underscores Brentwood Associates' commitment to supporting Watermill Express in its quest for expansion and operational excellence. The fund will provide Watermill Express with the necessary capital to expand its market reach and enhance its service offering, cementing its position as a key player in the water provision industry.
Sectors
- Private Equity
- Water Supply and Utility Services
Geography
- United States – Brentwood Associates is based in Los Angeles, California, and Watermill Express also operates within the United States.
Industry
- Private Equity – The industry involves investment firms like Brentwood Associates that provide capital to companies for growth, development, or operations.
- Water Supply and Utility Services – Watermill Express operates within this industry by providing consumers with safe and affordable drinking water and ice solutions.
Financials
- $410 million – The value of the continuation fund raised by Brentwood Associates to support Watermill Express.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brentwood Associates Inc. | PE Firm | Company | A leading middle-market, growth-oriented private equity firm. |
| Watermill Express, LLC | Target Company | Company | A provider of affordable and safe drinking water and ice. |