NORTHWESTERN NORTH AMERICA
We focus on partnering with companies in our backyard where we know the people and the business climate. Northwestern North America is currently one of the most attractive and under-served geographic markets in the world for private investing. Westward is one of only a handful of private equity firms located in the Northwest, despite the fact that this region is the world's 7th largest economy by Gross Domestic Product.
Our reputation in this region enables us to develop lasting relationships, and our straightforward and local approach gives us unique access to attractive businesses and management teams. Based upon past experience, we have found that the only way to deliver on our commitment to adding value for our executive teams and investors is to be in close proximity to our portfolio companies.
We target eight Western States and three Canadian Provinces including: WA, OR, ID, MT, CA, NV, AZ, CO, Alberta, British Columbia, Manitoba, and Saskatchewan.
OPPORTUNITY: A LARGE AND GROWING MARKET
The 7th largest economy in the world ranked by GDP
The 8 Western states generate over $2.5 trillion in GDP, representing 16% of total US GDP
Alberta, British Columbia and Saskatchewan generated $696 billion in GDP in 2014, representing approximately 35% of total Canadian GDP
Forecasted annual GDP growth of 5-6% per year in specific sub-regions targeted by Westward
OPPORTUNITY: UNDERSERVED BY PRIVATE EQUITY INVESTORS
The demand for private buyers greatly exceeds supply
Of the ~1,500 private equity-backed M&A transactions completed in the region since 2007, approximately 20% were completed by private equity firms location in the region
Regional presence and the ability to actively manage portfolio companies is crucial to success