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Westward Partners Exits Aggregates Producer JMB Crushing Systems

SEATTLE, WA, November 21, 2018 - Westward Partners LLC ("Westward"), today announced the sale of JMB Crushing Systems ULC ("JMB" or the “Company”) to Resource Land Fund (“RLH”). In business for over 30 years, JMB supplies and produces aggregates for industrial projects, oilfield companies and road construction throughout Northeastern Alberta. The Company is headquartered in Bonnyville, Alberta and is ideally positioned to continue capitalizing on its positioning in its core markets.

Westward recognized JMB’s unique combination of business lines with high barriers to entry, as well as stable and growing cash flow and grew the business substantially over its seven-year investment period.

Westward founding partner Erik Tolzmann stated, “It has been a pleasure to work with Jeff Buck and the entire JMB management team and we are thankful for the tremendous growth experienced during our ownership. We wish the Company the best of luck in the future.” Westward founding partner Andy Baldridge added, “Westward is proud to have partnered with JMB to accelerate the growth of the Company and generate substantial value for all its stakeholders over the past several years.”

About JMB Crushing Systems

In business for over 30 years, JMB Crushing provides aggregate mining, crushing, sales, and transportation services for oil and municipal customers in Alberta. The Company is headquartered in Bonnyville, Alberta and supplies aggregate to the world's largest energy companies.

About Westward Partners

Founded in 2010 and based in Seattle, WA, Westward Partners invests in Northwestern North American businesses with revenues between $15 and $200 million and EBITDA between $3 and $12 million. The Firm partners with closely-held businesses that have strong management teams to build long-term value for its investors, employees of portfolio companies, and the executives with whom Westward works.

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