Westward Partners Acquires Alberta-Based Oilfield Services Business, DLM Oilfield Enterprises


SEATTLE, WA, April 16, 2012 - Westward Partners ("Westward"), a leading smaller middle market private equity firm, today announced its acquisition of a majority interest in Bonnyville, Alberta-based DLM Oilfield Enterprises Ltd. ("DLM" or the "Company"), a leading provider of oilfield maintenance services to heavy oil producers in Alberta, Canada. DLM represents Westward's second acquisition in Northeast Alberta in the past 11 months.

Founded in 2012 by long-time oilfield entrepreneur Dave Petry, DLM provides maintenance services to cold oil and SAGD production facilities throughout Northeast Alberta. The Company utilizes its large fleet of flush-by trucks, pressure trucks, and vacuum trucks and an experienced base of operators to service some of the largest oil companies in Alberta.

"The market for DLM’s services within the heavy oil region of Alberta is on what we think is a very strong growth trajectory, " mentioned, Andy Baldridge, Founder and Partner at Westward. "As the indisputable service leader in the region DLM is well positioned for continued growth. Westward will be looking to add to DLM’s asset base over the next 24 months through the acquisition of additional equipment and complementary businesses."

Over the past 12 years, Dave Petry, DLM's current and long-time President, has led the Company's growth from a single truck to one of the largest operators in the region. "Westward’s transaction experience proved invaluable in getting our deal completed on a timely basis. We look forward to the many resources Westward can bring to bear to help us achieve our growth goals for the future," Mr. Petry said.

About DLM Oilfield Enterprises


At DLM Oilfield Enterprises, we provide a diverse offering of oilfield services to major heavy oil producers in the greater Bonnyville/Cold Lake area in Northeastern Alberta. We utilize an extensive asset base of over 40 pieces of well-maintained heavy equipment including flush-by trucks, pressure trucks, semi-vacuum trucks and trailers, and body-job vacuum trucks to provide a full suite of services to cold production and SAGD facilities within our region. We employ a large, experienced base of qualified team members focused on providing industry-leading customer service safely and sustainably.

Westward Partners


Seattle-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. Westward partners with strong management teams in closely-held businesses to build long-term value for its investors, its management teams, and the employees of its portfolio companies. For additional information go to www.westwardpartnersllc.com