Breakwater Investment Management

Breakwater Investment Management, LLC is a private investment firm located in Los Angeles, California, focused on providing financial services to lower middle market companies with annual sales ranging from $10 million to $150 million. Founded in 2009, the firm specializes in direct investments that include growth capital, recapitalizations, buyout financing, and various forms of debt, such as senior secured loans and mezzanine investments. Breakwater targets a diverse array of sectors, including healthcare, food and beverage, consumer products, retail, software, and media. The firm aims to partner with management teams and owners to facilitate growth and enhance operational performance. It typically invests between $2 million to $30 million in equity, while its credit investments generally range from $5 million to $25 million per transaction. Breakwater emphasizes a flexible investment approach, allowing it to participate in senior debt, subordinated debt, and equity co-investments, and is particularly focused on opportunities in the United States and Canada, especially in California and the Western U.S.

Eric Beckman

Managing Partner

Darrick Geant

Partner

Saif Mansour

Managing Partner

23 past transactions

Matcon

Acquisition in 2021
Matcon is a commercial contractor in British Columbia specializing in excavation and shoring services. Matcon provides 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.

Brown & Settle

Venture Round in 2021
Brown & Settle is a site contractor based in Manassas, Virginia, specializing in large-parcel site development services. The company offers a comprehensive range of services, including demolition, drilling, blasting, excavation, clearing, recycling, paving, and utility installation. Their expertise extends to various projects, such as data center campuses, warehouses, schools, museums, parking facilities, airplane hangars, mixed-use developments, residential projects, shopping centers, and commissaries. Additionally, Brown & Settle provides essential services like erosion and sediment control, stormwater management, and asphalt paving to ensure efficient project execution and timely delivery. The company serves a diverse clientele, including local, state, and federal government entities, as well as private commercial ventures.

Brown & Settle

Debt Financing in 2019
Brown & Settle is a site contractor based in Manassas, Virginia, specializing in large-parcel site development services. The company offers a comprehensive range of services, including demolition, drilling, blasting, excavation, clearing, recycling, paving, and utility installation. Their expertise extends to various projects, such as data center campuses, warehouses, schools, museums, parking facilities, airplane hangars, mixed-use developments, residential projects, shopping centers, and commissaries. Additionally, Brown & Settle provides essential services like erosion and sediment control, stormwater management, and asphalt paving to ensure efficient project execution and timely delivery. The company serves a diverse clientele, including local, state, and federal government entities, as well as private commercial ventures.

Brown & Settle

Venture Round in 2019
Brown & Settle is a site contractor based in Manassas, Virginia, specializing in large-parcel site development services. The company offers a comprehensive range of services, including demolition, drilling, blasting, excavation, clearing, recycling, paving, and utility installation. Their expertise extends to various projects, such as data center campuses, warehouses, schools, museums, parking facilities, airplane hangars, mixed-use developments, residential projects, shopping centers, and commissaries. Additionally, Brown & Settle provides essential services like erosion and sediment control, stormwater management, and asphalt paving to ensure efficient project execution and timely delivery. The company serves a diverse clientele, including local, state, and federal government entities, as well as private commercial ventures.

The Madera Group

Venture Round in 2018
The Madera Group, LLC is a hospitality company that develops, owns, and operates a variety of restaurant venues primarily located in Southern California and Arizona. Founded in 2013 and headquartered in West Hollywood, California, the company is known for its brands, Tocaya Organica and Toca Madera, which emphasize fresh, locally sourced ingredients and vibrant dining experiences. Through its innovative approach to cuisine and atmosphere, The Madera Group aims to create unique and memorable experiences for its guests.

Global Restoration Holdings

Debt Financing in 2018
Global Restoration Holdings provides disaster restoration, reconstruction, and renovation services for residential, industrial, and commercial property in response to general loss and catastrophic events. Delos Capital formed Global Restoration Holdings through the merger of Interstate Restoration and FirstOnSite Restoration. Website Coverage Q1 2023 - not found

BMM Testlabs

Debt Financing in 2018
BMM Testlabs is a leading independent gaming testing laboratory with over 35 years of experience in the gaming industry. Known for its commitment to regulatory compliance and technical expertise, the company provides a range of professional services designed to meet the needs of manufacturers, operators, and regulators. BMM Testlabs offers insight and engineering support in gaming compliance, along with customized training and education to address compliance issues. Its team of trained professionals ensures that clients receive reliable and flexible services, consistently exceeding expectations in a rapidly evolving market.

Bear Down Brands

Debt Financing in 2017
Bear Down Brands is a network of consumer brands that each focus on premium home, health, and personal care products.Bear Down Brands mission is to create elegant, practical, and innovative products that enhance the way you care for yourself and the world around you.Bear Down's focus has been on developing a well-rounded product portfolio while providing advanced product technologies, award-winning customer support, and strong brand relationships with our consumers.

Hamilton Captive Management

Debt Financing in 2017
Hamilton Captive Management provides captive insurance solutions to private companies, families, and high-net-worth individuals. From the coordination and implementation of Captive Insurance Companies, to the everyday needs of captive ownership, Hamilton Captive Management has the resources, qualifications, and team to guide clients from beginning to end.

Loot Crate

Series A in 2016
Loot Crate, a fan-based commerce and community platform, sends monthly themed geek, gaming, and pop-culture collectibles and accessories to subscribers in the United States and internationally. It partners with movie studios, game companies, comic publishers, and general pop culture talent to deliver multiple lines of monthly themed mystery boxes to fans. Loot Crate sells pop culture crates, gaming crates, film and TV crates, and apparel crates such as socks, underwear, tees, women's apparel, and socks and wearable gear. It sells through various crate lines and its own ecommerce site Loot Vault. Chris Davis and Matthew Arevalo founded Loot Crate on May 1, 2012. Its headquarters is in Los Angeles in California.

SmartyPants Vitamins

Venture Round in 2015
SmartyPants Vitamins, Inc. is a company that develops, markets, and distributes GMO-free gummy vitamins and supplements for both children and adults. The product line includes all-in-one gummy vitamins that combine multivitamins, omega-3 fatty acids, and vitamin D in a single serving. In addition to adult formulas for digestive, immune, bone, and energy health, the company offers tailored supplements for toddlers, teens, and pets, including options for dogs of various ages and dietary needs. SmartyPants products are available through various retail channels, both in-store and online. Founded in 2010 and based in Venice, California, SmartyPants Vitamins aims to provide accessible nutritional support for different life stages.

Zealot Networks

Debt Financing in 2015
Zealot Networks is a digital-first media company that focuses on empowering creators and entrepreneurs by offering a comprehensive suite of production, distribution, and business services. The company aims to bridge the gap between traditional and emerging digital media platforms by fostering collaborations among influencers, producers, publishers, and brands. Through strategic acquisitions, partnerships, and joint ventures with innovative companies, Zealot Networks seeks to enhance the creation, distribution, and monetization of content, thereby enabling deeper connections between creators and their audiences based on shared values and passions.

Alpha Napkin Manufacturer

Private Equity Round in 2015
Welcome to Alpha Napkin Machines, your trusted partner in the realm of tissue paper manufacturing machinery. At Alpha Napkin Machines, we specialize in designing and manufacturing state-of-the-art machines that cater to the diverse needs of the tissue paper industry in India. With a strong commitment to quality, innovation, and customer satisfaction, we have carved a niche for ourselves as a leading manufacturer in the market.

Argo Tea

Private Equity Round in 2014
Argo Tea, Inc. is a Chicago-based company that specializes in blending and distributing a wide variety of tea products, both domestically and internationally. Founded in 2003, the company offers loose leaf teas, including black, green, herbal, and rare varieties, along with tea sachets and seasonal specials. In addition to its signature and unsweetened bottled tea drinks, Argo Tea provides tea-infused foods, baked goods, and various teaware essentials. The company caters to diverse markets, including foodservice, retail, and hospitality, and sells its products through both physical cafes located in cities like New York, Boston, and several international locations, as well as online. Argo Tea emphasizes the promotion of tea as a healthy lifestyle choice and aims to create unique, all-natural beverages that resonate with contemporary consumer preferences. Its products are available in over 10,000 outlets across the United States, including major grocery chains and specialty stores.

Veggie Grill

Venture Round in 2014
Veggie Grill, Inc. operates a chain of vegetarian restaurants primarily located in California, Oregon, Washington, and Illinois. Established in 2005 and based in Los Angeles, the company focuses on offering a diverse menu that includes hot sandwiches, burgers, entrée salads, homestyle plates, daily soups, and housemade desserts, all prepared with plant-based ingredients. In addition to its restaurant services, Veggie Grill also provides catering for office lunches, parties, and picnics. The brand is recognized for its commitment to delivering craveable and comforting meals in a fast-casual dining environment, appealing to customers seeking wholesome and delicious plant-based options.

Consensus Orthopedics

Venture Round in 2014
Based in El Dorado Hills, CA, Consensus® Orthopedics’ innovative lines of products are time-tested. Consensus Orthopedics is devoted to improving quality of life through uncompromising standards in its products while utilizing proven technologies. The Company’s modular hip product – UniSyn™– is an innovative, modern device that enables surgeons to intimately match patient anatomy and restore biomechanics. Operating in 11 countries with over 45,000 implants sold to date, Consensus Orthopedics continuously works to create the highest quality hip and knee replacement products on the market.

Yurbuds

Venture Round in 2014
Yurbuds exists to solve the problem that athletes face while wearing earphones. They don't hurt, and they are guaranteed to never fall out by taking advantage of its unique patented design developed by an Ironman Triathlete and a 24-time marathoner.

Planet Blue

Venture Round in 2013
Planet Blue LLC is a women's apparel and accessories retailer that specializes in contemporary fashion. Established in 1995 and headquartered in Santa Monica, California, the company is known for its bohemian-chic style and offers a diverse range of products, including dresses, tops, bottoms, and swimwear, as well as various accessories such as jewelry, handbags, and beauty products. Planet Blue operates retail boutiques in Malibu, Santa Monica, Venice, and Beverly Hills, while also providing an online shopping platform to reach customers both domestically and internationally. The company markets its products under the brand names Blue Life and Blu Moon, catering to the fashion needs of women seeking stylish and modern clothing options.

Exhale Enterprises

Venture Round in 2013
Exhale Enterprises, LLC operates a spa and fitness center that focuses on relaxation, wellness, and physical fitness. Established in 2001 and based in New York, the company provides a variety of services, including yoga classes, core energy flow, core fusion programs, wellness coaching, and total body transformation initiatives. Additionally, Exhale offers spa therapies, acupuncture, cupping, detox treatments, and vibration therapies, all designed to promote both physical and mental well-being. The company also sells a range of apparel, gift items, skincare products, and healing products through its online platform. Exhale Enterprises has locations in several states including California, Connecticut, Florida, Georgia, Illinois, Massachusetts, New York, Texas, as well as in Turks and Caicos, catering to a diverse clientele seeking a holistic approach to health and wellness.

Bleach Group

Venture Round in 2012
Bleach Group designs and distributes branded fashion apparel and accessories under its flagship brands, Ksubi and Insight. The company's brands are sold through premium fashion outlets, department stores, and specialty stores in 40 countries. Bleach Group's goal is to create contemporary and innovative lines of apparel brands for the fashion-forward, popular culture segments of the global youth market through quality, cutting edge, category-comprehensive, quick-to-market, and value-for-money brands.

Optimus EMR

Venture Round in 2012
The primary objectives of Optimus EMRTM are to support our customers in providing the best possible patient care, safely and efficiently. We accomplish these objectives through well designed clinical software, delivered through the internet as a service, with complete implementation services that include onsite workflow redesign, staff training, and regular follow up and support by the Optimus staff. From the beginning we established several primary goals for the Optimus EMRTM solution which are: enhanced patient care, optimization of reimbursement, reduced operational expenses, the ability to empower staff to manage diverse and complex clinical activities using the power of real-time and useful information. To accomplish these goals the following workflow innovations were adopted as the basis of the system design and structure: point-of-care charting, simplified and robust clinical documentation tools, automation of data flow, elimination of redundant and labor-intensive manual processes, and sharing of the collected data with third parties. During the years of design and development and using the advice of our customers and other experts, we have integrated several other guidelines into our product and services. These additions have allowed Optimus EMRTM to become a leader in the industry as well as a strong business partner with our customers to help them succeed and comply with the myriad of complex and onerous regulations that exist in long-term care. We are committed to maintaining our leadership position in the future to continue the support of our customers.

Training Partners USA

Venture Round in 2010
Training Partners USA provides workforce training and staffing services for the energy industry. The company uses the latest technology to fill customers’ needs in the areas of personnel training and development, logistical support services, manpower services, competency assurance, and technical services. TPL’s global presence includes projects in Angola, Chad, Cameroon, Egypt, Indonesia, Papua New Guinea, Qatar, South Africa, UAE, Yemen, and the USA.
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