Westward Partners' Portfolio Company Medicine Valley Transport Acquires Dale McNaught Trucking


SEATTLE, WA, June 3, 2012- Westward Partners ("Westward"), a leading smaller middle market private equity firm, today announced the acquisition of Dale McNaught Trucking ("DMT" or the "Company") by its portfolio company, Medicine Valley Transport ("MVT"). Based on the terms of the transaction, MVT acquired 100% of the Company with the current President, Dale McNaught continuing on in his current capacity.

"The acquisition of DMT adds significant assets and important customer relationships to MVT and further positions MVT as one of the leading oilfield haulers in the region," said Westward Founder, Erik Tolzmann. "We continue to evaluate additional follow-on acquisitions and remain bullish on MVT's growth prospects as well as the strong additions to the existing leadership team."

President of MVT, Jesse Eliuk added, "DMT brings us additional operational capacity to service our customer base and expand geographically and integrate into our existing service offering. The new assets add to our ability to efficiently serve the requirements of our large and varied customer base and increases the fleet size by nearly 40%. The foreseeable future looks busy."

About Medicine Valley Transport


MVT is a privately held company that operates in the fluid hauling industry. With over 28 years of operating history, MVT provides hauling of production fluids to pipeline or storage depots, completion fluids to disposal sites, and heated water, drilling and fracturing fluids to well sites within Central Alberta. MVT has its own water well and is strategically located near disposal wells allowing the Company to obtain contracts with oil companies wishing to reduce transportation costs. The Company is headquartered in Eckville, Alberta.
www.medicinevalley.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