M&A Deal Summary

Westward Partners Acquires Globe Machine Manufacturing

On April 4, 2024, private equity firm Westward Partners acquired machinery company Globe Machine Manufacturing

Acquisition Highlights
  • This is Westward Partners’ 1st transaction in the Machinery sector.
  • This is Westward Partners’ 8th transaction in the United States.
  • This is Westward Partners’ 3rd transaction in Washington.

M&A Deal Summary
Date 2024-04-04
Target Globe Machine Manufacturing
Sector Machinery
Buyer(s) Westward Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Globe Machine Manufacturing

Tacoma, Washington, United States
Globe Machine Manufacturing is a manufacturing company supplying machinery for the Door and Plywood Industry. Globe Machine Manufacturing was founded in 1917 and is based in Tacoma, Washington.

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Buyer(S) 1

Buyer

Westward Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Westward Partners is a private equity firm focused on investing in lower middle-market companies in the Western-US and Canada. Target companies typically have revenues of $20 to $500 million and up to $25 million of EBITDA. Sectors of interest include business services, consumer products, energy services, forest products, manufacturing, packaging, and transportation/logistics. Westward Partners was formed in 2010 and is based in Seattle, Washington.

DEAL STATS #
Overall 13 of 13
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Washington) 3 of 3
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-18 Three Bears Alaska

Wasilla, Alaska, United States

Three Bears Alaska is a chain of grocery stores that provides customers with quality goods and services. Three Bears Alaska was founded in 1980 and is based in Wasilla, Alaska.

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