Stout has advised New Water Capital on its acquisition of LidWorks. The transaction closed in July 2026.

Founded in 1985, LidWorks is a family-owned company based in Plant City, Florida. For 42 years, the company has been committed to designing and manufacturing the most reliable and specialized packaging designs in the industry. LidWorks offers a comprehensive line of foodservice lids, including hot and cold beverage lids, food, and specialty product lids, serving leading brands in the quick-serve and fast-casual restaurant sectors, as well as convenience store chains, food service packaging manufacturers and distributors.

New Water Capital is a private equity firm focused on lower-middle market B2B manufacturing and distribution companies in the industrials, industrial tech, food & beverage, niche engineered products and packaging industries. New Water Capital’s collaborative transaction and operating model is built specifically to support companies in transition, building on their unique cultures and strengths.