Westward Partners Acquires Axis Crane


SEATTLE, WA, May 20, 2013 - Westward Partners ("Westward"), a leading smaller middle market private equity firm, today announced its acquisition of a majority interest in Sherwood, Oregon-based Axis Crane LLC ("Axis" or the "Company"), one of the leading providers of cranes and crane services in the Northwest. Axis specializes in crane rental, rigging, pile driving and heavy hauling to industrial maintenance and contracting customers. Axis is Westward's 6th acquisition and its 2nd portfolio company in Oregon.

Axis Crane is one of the most well-established operated crane and rigging companies in the Northwest United States. For over 10 years, Axis has been providing Northwest contractors, government entities and blue chip customers with one of the largest crane fleets in the Northwest. Axis President, Travis Wilt, has been with the Company since its inception and will continue to lead the Company.

"Prior to finding Westward, our Company was wrestling with a number of important issues including how to effectively grow a capital intensive business, how to transition ownership to management, and limitedresources. With the announcement of this transaction we have addressed these concerns and gained a valuable partner for our future," Mr. Wilt said.

"Due to the tremendous effort over the past decade from Travis and his team, Axis has grown to become a leader in the Northwest and trusted partner to the contractors in the area," mentioned, Andy Baldridge, Founder and Partner at Westward. "We have identified a number areas for growth we will be pursuing during 2013 and believe we have the right team and resources in place to execute on these opportunities."

About Axis Crane


Axis Crane is one of the largest and most well-established operated crane and rigging companies in the Northwest United States. For over 10 years, Axis has been providing Northwest contractors, government entities and blue chip customers with one of the largest crane fleets in the Northwest. Axis specializes in crane rental, rigging, pile driving and heavy hauling to service complete industrial maintenance and contracting needs. The Company is headquartered near Portland, Oregon.
www.axiscrane.com

Westward Partners


Seattle, Washington-based Westward Partners is a private equity firm created to address the needs of smaller middle-market companies with revenue up to $75 million and EBITDA up to $10 million, companies traditional private equity firms typically exclude from consideration. Westward partners with strong management teams in closely-held businesses to build long-term value for its investors, its portfolio company employees, and the executives it works with.
www.westwardpartnersllc.com