Westward Partners Acquires OSW Equipment & Repair

SEATTLE, WA, December 21, 2016 - Westward Partners LLC ("Westward"), a leading smaller middle market private equity firm, has acquired a 49% ownership interest in manufacturing company OSW Equipment & Repair, LLC ("OSW" or the "Company"). Headquartered in Woodinville, WA, OSW manufactures approximately 80% of the dump truck body and dump truck trailers in the Pacific Northwest with an estimated 20% and growing share in the Western US. OSW is Westward's 13th acquisition in the past 6 years.

The investment thesis for OSW is to increase the revenue capacity and profitability of the business through consolidating the two existing manufacturing facilities totaling approximately 60,000 square feet into one new 112,000 square foot facility. The new facility will insource a significant amount of fabrication, reduce material handling expenses, and ultimately automate several manufacturing processes. Doubling the size of the new facility will roughly double the revenue capacity of the business and provide access to significant incremental market share and EBITDA.

"In comparison to other investors I have encountered, Westward excelled throughout the deal process by genuinely listening to my needs and tailoring their investment structure to meet my long-term goals. We are equal partners going into this next stage of the Company’s growth and I couldn’t be more excited to work with the Westward guys," Mr. DeNoma said.

"Jay has built a world class team at OSW and has an executable plan in place to take the Company to the next stage of growth," commented, Andy Baldridge, Founder and Partner at Westward. "The West Coast of the US is underserved by the industry and OSW is working on filling the gap by building a new, larger highly efficient manufacturing facility to help the business expand geographically and realize significant cost savings."

About OSW Equipment & Repair

In business for over 16 years, OSW manufactures Class-8 dump truck bodies, end dumps, side dumps and trailers utilized by the construction, transportation, energy, industrial and mining industries. OSW is led by seasoned executive team have spent their entire careers building businesses in the industry.

About Westward Partners

Westward Partners is a private equity firm created to address the needs of lower middle-market companies with revenue up to $75 million and EBITDA up to $10 million, companies traditional private equity firms typically overlook. Westward partners with strong management teams in closely-held businesses to build value for its investors, its portfolio company employees, and the executives it works with.