SSG Capital Advisors acted as the exclusive investment banker to Watermill Group in the placement of a financing package to fund its acquisition of Superior Tube Company and Fine Tubes Ltd. The transaction closed in September 2012.

Watermill is a strategy driven private investment firm based in Boston that has closed over 60 transactions in its 34 year history. Watermill executed a letter of intent to acquire Superior and Fine Tubes and shortly thereafter retained SSG to help deliver creative financing alternatives in light of the complexity of the transaction, including the fact that over half of the collateral base was located in the United Kingdom. Superior and Fine Tubes are both leading manufacturers of customized small diameter tubular products for a variety of desirable end markets. They fabricate seamless and welded tubing from high-value specialty alloys including stainless steels, titanium, and high nickel alloys. Superior's operations are in Collegeville, PA while Fine Tubes is located in Plymouth, U.K. Both companies are owned by Superior Group, Inc., a family office holding company with controlling positions in a variety of manufacturing businesses.

SSG quickly went to market and sourced multiple term sheets. SSG worked closely with Watermill to negotiate a transaction structure that included a senior working capital lender and a senior term loan lender that would both provide financing in the United States and internationally. The senior term loan lender also was able to lend beyond the fixed asset collateral pool and minimize amortization at the outset of the term so that more capital could stay in the business to support Watermill's growth strategy. The total financing package was $42 million.