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About Us

New Mill Capital principals have over 50 years in combined industry experience.

Tim Watters

Tim Watters began his career nearly two decades ago with a leading national industrial auction company.  He quickly rose to a partner position responsible for managing complicated projects both domestically and internationally. He brought new business verticals to his prior company further advancing their position in the industrial marketplace. 

With a strong desire to create his own brand of asset solutions, he branched out, and with the collaboration of his current partners, founded New Mill Capital. 

New Mill Capital quickly made its mark and garnered industry respect worldwide by specializing in transactions that require forward thinking and innovative practices necessary due to their complex nature.

With his valuable partners at New Mill, Mr. Watters has been able to build upon his knowledge of industrial equipment remarketing and expand into complicated turnkey projects that require, Demolition, Salvage, Environmental Remediation and Land Redevelopment.

Throughout his career, Mr. Watters has conducted over one thousand transactions, grossing nearly One Billion dollars.

Mr. Watters has purchased assets and sold for numerous Fortune 500 companies throughout the world.

Mr. Watters holds a BA from University of California at Santa Barbara and is a graduate of The Missouri Auction School.

Gregory Schain

Gregory Schain manages all real property acquisitions, transactional, and financing services for New Mill Capital.

Prior to founding New Mill Capital, Mr. Schain managed all turnkey assets for Counsel RB Capital, including acquisitions, due diligence, leasing, asset and property management, financial analysis, strategy, and disposition. During his tenure at Counsel RB, Mr. Schain led several large projects, including the acquisition and management of a 950,000 square foot former Fraser Paper mill in Gorham, NH, a 2.2 million square foot former Chrysler facility in Twinsburg, Ohio, and a 140,000 square foot former Unilever facility in Milwaukee. Prior to joining Counsel RB Capital, Mr. Schain was an Assistant Vice President at Industrial Realty Group, where he conducted due diligence and financial modeling for the evaluation and acquisition of over $500 million in industrial, commercial, and government real estate. Mr. Schain conducted the analysis on dozens of acquisitions, including the purchase of Goodyear's World Headquarters and ensuing development plan in Akron, Ohio as well as the six property, five million square foot purchase of excess Whirlpool industrial facilities around the United States.

Mr. Schain started his career as an Associate at Robert Charles Lesser & Company, where he completed over 50 market studies for potential residential and office developments throughout the Western United States Mr. Schain holds a BA in Business Economics and Public Policy from UCLA and an MBA from the UCLA Anderson School of Management.

Eric Weiler

Eric Weiler manages all tangible asset acquisitions and sales for New Mill Capital in the food, personal care, pharmaceutical and chemical processing and packaging verticals.

Since joining New Mill Capital, Mr. Weiler has worked with numerous Fortune 500 companies and industry leading manufacturers, buying and selling multi-million dollar asset packages from Nestle, Kraft, Coca-Cola, General Mills, Unilever, Revlon, Kellogg's, Smithfield, Flowers Foods, Saputo, Sara Lee and many others as well as working with smaller, single owner entities to offer turnkey cash purchases and auction / liquidation programs for idle equipment assets & real estate.

Mr. Weiler also maitains the New Mill Capital Facility Return & Transfer Services Operation, providing complete facility and site rehabilitaiton for tenants exiting manufacturing locations who are required to return the real estate to lease agreement specifications and owners of manufacturing sites interested in preparing for market or transferring equipment assets to other manufacturing locations.

Education: Michigan State University College of Packaging and The Missouri Auction School.


Tom Murray

Tom Murray manages real property acquisitions and management, new business development, and fundraising for New Mill Capital. Prior to joining New Mill Capital, Mr. Murray was a Vice President at Industrial Realty Group where he conducted due diligence and raised debt and equity for approximately 12 million square feet in acquisitions.  While at IRG, Mr. Murray worked on over 30 separate acquisitions totaling $150 million across 15 states. He also sourced and closed over $250 million of refinancing transactions. Prior to IRG, Mr. Murray was a Senior Analyst at Potomac Realty Capital, a specialty real estate finance company based in Boston, where he underwrote and structured over $300 million in bridge loans, mezzanine loans and preferred equity investments on all commercial property types. Prior to Potomac, Mr. Murray was an Associate at AllianceBernstein LP.
Mr. Murray holds an AB in Politics from Princeton University where he graduated cum laude and an MBA from the UCLA Anderson Graduate School of Management. During business school, he held internships at PCCP and Mesa West Capital.