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Private Equity
breakwatermgmt.com

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Investments

8

Portfolio Exits

2

Funds

1

About Breakwater Investment Management

Breakwater Investment Management is a private investment firm that specializes in direct debt and equity investments in lower middle-market growth businesses. The firm serves as General Partner of Breakwater Structured Growth Opportunities Fund, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund's investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.

Breakwater Investment Management Headquarter Location

1999 Avenue of the Stars Suite 3430

Los Angeles, California, 90067,

United States

424-777-4000

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Fitness Tech

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Research containing Breakwater Investment Management

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CB Insights Intelligence Analysts have mentioned Breakwater Investment Management in 1 CB Insights research brief, most recently on Feb 4, 2021.

Latest Breakwater Investment Management News

Breakwater Management expands asset management platform with control PE strategy

Aug 25, 2021

Submitted Breakwater Management (Breakwater), a leading capital provider to the US lower middle market, has expanded its investment management platform to include a control private equity strategy. This new effort builds upon Breakwater’s 12-year history providing growth capital and acquisition financing through both private debt and structured equity. The platform extension will focus on partnering with outstanding management teams and founders to create significant value through operational improvements, the execution of organic growth opportunities, as well as add-on acquisitions. “With this new vertical, we’ve expanded our ability to meet the full range of financing needs a lower middle market company may have, further differentiating Breakwater as a capital provider and value-added partner,” says Saif Mansour, Co-Managing Partner. “This is a natural complement to our existing set of flexible capital solutions, which now includes direct loans, and both minority and majority equity investments,” says Eric Beckman, Co-Managing Partner. In conjunction with the announcement of the control private equity platform expansion, Breakwater is also pleased to announce its inaugural platform investment in the Matcon Group of Companies (Matcon). Based in Coquitlam, British Columbia, Matcon is a leading commercial contractor in the region, providing a full range of specialty services including excavation and shoring, environmental remediation, demolition and underground utilities services, for large scale civil infrastructure, commercial and residential projects. “We are thrilled to partner with Stephen Jungaro, Adam Heath, and Stephen Custeau, as significant rollover shareholders, and the rest of the talented Matcon team,” says Darrick Geant, Partner at Breakwater. “Matcon’s impressive track record and recent large project wins serve as an outstanding platform for future expansion. The company’s long-tenured management team has built a market leading position with a blue-chip customer base, and we look forward to supporting their continued success.” “This is an important new chapter in Matcon’s growth story,” says Stephen Jungaro, Co-Founder of Matcon. “We are very excited to partner with the team at Breakwater as we work to further build the company’s suite of services and opportunity set. In addition to its partnership approach and value as a capital partner, we believe that Breakwater’s previous experience in the industry will bring valuable perspective and operational insights to assist us with our business going forward.” “We see significant future expansion opportunities through both organic and inorganic growth initiatives, and Stephen and I are extremely excited to continue to lead Matcon through its next stage of development in our roles as executives and shareholders of the Company,” says Adam Heath, Co-Founder of Matcon. Los Angeles, California based Cherng Family Trust co-invested with Breakwater, and TD Bank provided debt financing in support of the transaction. McGuireWoods LLP and Lawson Lundell LLP served as Breakwater’s legal counsel on the transaction. Sequoia Mergers & Acquisitions Corp advised Matcon on the transaction.

Breakwater Investment Management Investments

8 Investments

Breakwater Investment Management has made 8 investments. Their latest investment was in Matcon as part of their Private Equity on August 8, 2021.

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Breakwater Investment Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Private Equity

Matcon

Yes

2

11/28/2018

Private Equity

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$99M

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10

6/15/2017

Loan

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$99M

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10

6/2/2016

Series A

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$99M

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10

9/16/2015

Seed VC - II

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$99M

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10

Date

8/24/2021

11/28/2018

6/15/2017

6/2/2016

9/16/2015

Round

Private Equity

Private Equity

Loan

Series A

Seed VC - II

Company

Matcon

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Breakwater Investment Management Portfolio Exits

2 Portfolio Exits

Breakwater Investment Management has 2 portfolio exits. Their latest portfolio exit was Loot Crate on August 12, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/12/2019

Asset Sale

1

00/00/0000

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10

Date

8/12/2019

00/00/0000

Exit

Asset Sale

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Companies

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Valuation

Acquirer

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Sources

1

10

Breakwater Investment Management Fund History

1 Fund History

Breakwater Investment Management has 1 fund, including Breakwater Credit Opportunities Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/26/2019

Breakwater Credit Opportunities Fund II

Private Debt (Other)

$59.13M

2

Closing Date

6/26/2019

Fund

Breakwater Credit Opportunities Fund II

Fund Type

Private Debt (Other)

Status

Amount

$59.13M

Sources

2

Breakwater Investment Management Team

2 Team Members

Breakwater Investment Management has 2 team members, including current Senior Vice President, Richard A Rowella.

Name

Work History

Title

Status

Richard A Rowella

Senior Vice President

Current

Saif Mansour

Managing Partner

Current

Name

Richard A Rowella

Saif Mansour

Work History

Title

Senior Vice President

Managing Partner

Status

Current

Current

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