Patient capital, creatively invested for the long haul.
Partner with investors who think like owners.
Most investors are watching the clock, planning their exit before the ink dries. We're different. Watershed was built to acquire stakes in established businesses with no predetermined exit timeline. We're here to build value steadily and methodically, building for years—not quarters.
How we’re different.
Approach.
Sustainable value isn’t built overnight. Our experience as operators informs our approach to business transformation:
Information systems. Financial and operational data are knowledge. Clear, accessible information provides a foundation of truth for every part of the business. We have hard-won experience in designing and implementing these systems.
Mission alignment. If you don’t know where you’re going, any road will take you there. We know how to determine what wins, establish a True North set of goals, and align all aspects of the business toward execution in a common direction.
Human capital development. As a business grows, so does its complexity, and so must its people. Developing and curating the right collection of talent is how success is built.
Core Values.
Our four core values shape how we show up every day:
Integrity.
We do what we say we'll do, every time. No surprises.
Curiosity.
We ask questions, listen deeply, and seek first to understand.
Kindness.
We treat people with respect and lead with empathy.
Determination.
We never give up.
Investment Criteria.
Geography. Western United States, with an emphasis on the Northwest (Washington, Oregon, and Idaho).
Company size. $3 - 15 million of EBITDA, or $25 - 100 million of revenue.
Investment type. Controlling equity; minority investments by exception.
Industry Focus. We are opportunistic across industries and business models, but we find we can best support technically complex manufacturing businesses. Representative segments include:
Food ingredients manufacturing and food processing
Medtech and healthcare consumables
Industrial components and subassemblies
Measurement equipment or instrumentation
