ACT Capital Advisors advises OSW Equipment & Repair on minority sale and recapitalization by Westward Partners
Posted on January 26, 2017
Seattle, WA – ACT Capital Advisors is pleased to announce that it has advised OSW Equipment & Repair Inc (OSW) of Woodinville, WA, the Pacific Northwest’s leading manufacturer of dump truck bodies and trailers, on the sale of an interest in the company and recapitalization by Westward Partners (WP). WP is a Seattle based private equity firm active in partnering with the management of lower middle market companies in Western North America. The transaction closed December 21, 2016.
OSW Equipment & Repair manufacturers and repairs products for the transportation, industrial and mining industries, but is best known for its line of dump truck bodies, end dumps, side dumps and transfer trailers used in construction. 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 the growth and expansion into new markets.
Westward Partners is a private equity firm focused on producing attractive long-term returns through investments in privately held companies with revenue between $10 and $ 75 million located in Western North America.
Michael Vanderslice, Managing Director of ACT Capital Advisors and Transaction Lead, observes, “The OSW / Westward Partners transaction will lead to significant growth for OSW and value creation for Westward Partners, a classic win/win for both the company and the investor. We are pleased to have assisted in the process and are anxious to track OSW’s progress in executing an aggressive business plan.”
The ACT transaction team also included Troy Jenkins, Senior Associate, who assisted in all aspects of the deal.