Westward Partners Acquires Alberta-Based Oilfield Services Business, Medicine Valley Transport


SEATTLE, WA, September 17, 2012 - Westward Partners ("Westward"), a leading smaller middle market private equity firm, today announced its acquisition of a majority interest in Eckville, Alberta-based Medicine Valley Transport Ltd. ("MVT" or the "Company"), a leading provider of oilfield hauling products and services to conventional oil producers in Alberta, Canada. MVT represents Westward's fourth acquisition in Alberta in the past 15 months.

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.

"Recently, MVT upgraded its facilities and purchased new equipment allowing it to provide additional products and services which are in high demand in its marketplace," mentioned, Andy Baldridge, Found and Partner at Westward. "MVT has a long history in the Central Alberta oilfield which we hope to leverage for future growth."

Over the past few years, Jesse Eliuk, MVT's current President, has more than doubled the Company's EBITDA. "At the end of the day, Westward was the best fit for me and MVT. Their experience in Alberta, and in our industry in particular, made the choice of who to partner with an easy one," Mr. Eliuk said.

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.ca

About 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