We present a measurement of the rate of correlated neutron captures in the WATCHBOY detector, deployed at a depth of approximately 390 meters water equivalent (m.w.e.) in the Kimballton Underground Research Facility (KURF). WATCHBOY consists of a cylindrical 2 ton water target doped with 0.1% gadolinium, surrounded by a 40 ton undoped water hermetic shield. We present a comparison of our results with the expected rate of correlated neutron captures arising from high-energy neutrons incident on the outside of the WATCHBOY shield, predicted by a hybrid FLUKA/GEANT4-based simulation. The incident neutron energy distribution used in the simulation was measured by a fast neutron spectrometer, the 1.8-ton Multiplicity and Recoil Spectrometer (MARS) detector, at the same depth. We find that the measured detection rate of two correlated neutrons is consistent with that predicted by simulation. The result lends additional confidence in the detection technique used by MARS, and therefore in the MARS spectra as measured at three different depths. Confirmation of the fast neutron flux and spectrum is important as it helps validate the scaling models used to predict the fast neutron fluxes at different overburdens.