M&A Deal Summary

Westward Partners Acquires Grant Aviation

On February 26, 2021, private equity firm Westward Partners acquired transportation company Grant Aviation

Acquisition Highlights
  • This is Westward Partners’ 2nd transaction in the Transportation sector.
  • This is Westward Partners’ 6th transaction in the United States.
  • This is Westward Partners’ 1st transaction in Alaska.

M&A Deal Summary
Date 2021-02-26
Target Grant Aviation
Sector Transportation
Buyer(s) Westward Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Grant Aviation

Anchorage, Alaska, United States
Grant Aviation is a logistics company offering regional air transport for mail & cargo, Essential Air Services, passenger, and medevac to rural communities in Southwestern Alaska. Grant Aviation was founded in 1975 and is based in Anchorage, Alaska.

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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 10 of 13
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (Alaska) 1 of 2
Country (United States) 6 of 8
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Osw Equipment & Repair

Snohomish, Washington, United States

Osw Equipment & Repair is a manufacturer of Class-8 dump truck bodies, end dumps, side dumps and trailers utilized by the construction, transportation, energy, industrial and mining industries. OSW is based in Snohomish, Washington. Osw Equipment & Repair was founded in 2000 and is based in Snohomish, Washington.

Sell $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Superfeet Worldwide

Essex, United Kingdom

Superfeet Worldwide is a manufacturer of an innovative insoles featuring the Superfeet shape, helping millions of people worldwide experience unparalleled comfort, pain relief and performance. Superfeet Worldwide is based in Essex, United Kingdom.

Buy -
Mergr

Product

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