fund update

Newlook Capital Industrial Services Fund II, Fund III and Insite Living Water Group Announce New Drinking Water Testing Laboratory

March 10, 2023  |  

Burlington, ON March 10, 2023 / – Newlook Capital Industrial Services Fund II (“Fund II”) and Newlook Capital Industrial and Infrastructure Services Fund III (“Fund III”) are pleased to announce that operating partner Insite Living Water Group (“ILW”) has completed the development on a drinking water testing laboratory.

The laboratory has recently obtained the final government approval required for ILW to begin providing potable water compliance testing services to their customers. This testing facility will bring additional revenue by providing new services to existing customers looking for higher-value service in a more local setting. This is a critical and significant step in the plan towards implementing full drinking water utility services throughout Alabama and eventually neighbouring states.

“We are excited about the opportunity to expand our service offering to our current customers and fill a void in the potable water compliance testing market in Alabama,” says Bryan Pate, CEO of Insite Living Water Group. “This new laboratory will be the springboard to continued growth and expansion throughout the region.”

“We are thrilled about the development of the Insite Living Water Group’s new drinking water testing laboratory. Their expanded service offering and additional revenue is key to their growth and we look forward to continued success under the leadership of Bryan and his executive team,“ notes Elroy Gust, Newlook’s Chief Executive Officer.

Newlook Capital is a private equity firm that currently manages 2 industry-specialized funds. Each fund has its own focused, experienced, and aligned management, and a defined strategy. Investing throughout Canada and the U.S. with a preference for companies that exhibit a solid tangible assets base, Newlook Capital is focused on and current holdings include; industrial services in Canada and the U.S., dental practices, and QSR in Canada. Newlook Capital Inc. took the initiative to establish Newlook Industrial Services II LP and manages the fund. This press release is for informational purposes only and should constitute nor be taken as a offer or solicitation to buy or sell securities.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this press release includes, but may not be limited to, acquisitions to be completed by the company, the growth of the business.

Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, general economic conditions, failing to realize the anticipated benefits from the acquisition of the company, risks associated with valuing investments, risks associated with fire prevention services generally, competition, technological changes and regulatory risks. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of Newlook based on information currently available to the Newlook. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Newlook disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

Please direct any questions or requests for information to:

Alison Henry

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