SEATTLE, WA, December 21, 2016 - Westward Partners LLC ("Westward"), today announced the acquisition of OSW Equipment & Repair, LLC. ("OSW" or the “Company”). In business for over 19 years, Snohomish, WA-based OSW is one of the largest and fastest growing Class 8 dump truck body manufacturers and truck body assemblers on the West Coast. OSW has 60%+ of the Pacific Northwest market (WA, OR, AK), and demand has exceeded OSW’s ability to supply dump bodies over the past few years. The partnership with Westward will enable OSW to continue expanding manufacturing capacity through access to additional investment capital.
OSW manufacturers and repairs products for a wide variety of end-market segments including transportation and industrial customers, and is best known for its line of dump truck bodies, end dumps, side dumps and transfer trailers used in a wide variety of end markets. Due to sustained growth and significant market opportunity OSW was seeking to partner with a firm to provide operating expertise and financial resources to continue to grow the company and expand into new markets.
Jay DeNoma, President of OSW indicates that, “Westward represents the perfect solution for OSW in matching our business philosophy and providing us with the resources and expertise that were our missing pieces.” Westward founding partner Andy Baldridge echoed Jay’s sentiments, saying, “OSW has built a premium product line and reputation in the Pacific Northwest over the past nearly 20 years. We look forward to helping the Company expand further and become the West Coast’s premier provider of dump truck bodies, trailers and upfitting.”
About OSW Equipment & Repair
Founded in 2000 and headquartered in Snohomish, WA, OSW is the leading manufacturer of dump truck bodies and other truck bodies in the Northwest. www.oswequipment.com
About Westward Partners
Founded in 2010 and based in Seattle, WA, Westward Partners invests in Northwestern North American businesses with revenues between $15 and $200 million and EBITDA between $3 and $12 million. The Firm partners with closely-held businesses that have strong management teams to build long-term value for its investors, employees of portfolio companies, and the executives with whom Westward works. www.westwardpartnersllc.com
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