IRVINE, Calif., Oct. 13, 2015 /PRNewswire/ -- Headhaul Capital Partners LLC and Argosy Investment Partners V announced today the acquisition of Great Western Leasing and Sales, LLC ("GWLS") in partnership with the existing management team. Great Western Leasing is a leading full-service, integrated solutions provider to the flatbed and specialized trailer industry. The Company operates a network of strategically located facilities in the Western United States which offer customers a broad range of sales, financing, leasing and rental options for new and used trailers, as well as after-market trailer repair and maintenance.
"The management team is excited to be working with Headhaul Capital and Argosy to accelerate the growth of our business," stated Sean Norton, founder and Chief Executive Officer of Great Western Leasing. "We will continue to stay focused on offering differentiated trailer sales, financing, and repair and maintenance solutions to meet the varied equipment needs of our customers."
"We are looking forward to working with the management team to enhance and expand GWLS's operations," stated Seth Wilson, Headhaul Capital's Managing Partner. "We continue to be impressed by the company's depth of knowledge and experience, as well as its strong focus on customer service."
"GWLS has a rich history dating back to 1971. We are excited to partner with both Headhaul Capital, given their deep experience in the transportation industry, and the management team to write the next chapter in the development of GWLS," said Keven Shanahan, a Partner at Argosy Investment Partners.
About Great Western Leasing and Sales, LLC
Great Western Leasing and Sales, LLC, based in Irvine, CA, is a leading full-service, integrated solutions provider to the flatbed and specialized trailer industry. The Company operates a network of strategically located facilities in the Western United States which offer customers a broad range of sales, financing, leasing and rental options for new and used trailers, as well as after-market trailer repair and maintenance. The Company distributes trailers for a broad range of manufacturers including Fontaine Trailer Company, Wilson Trailer Company, East Manufacturing Corporation, Manac Trailers USA, XL Specialized Trailers and Side Dump Industries. Visit www.greatwesternleasing.com.
About Headhaul Capital Partners LLC
Headhaul Capital Partners LLC is a New York-based middle market private equity firm focused on acquiring and building businesses in the transportation, logistics & distribution industries. The Managing Partners have extensive private equity and operating experience with an average of 20 years of experience specifically in our focus industries. This longstanding history of specialization and particular capabilities in these industries offers senior executives a unique opportunity to partner with an investment team that works to create value through a proven combination of an in-depth understanding of niche-trends, experience in delivering operational efficiency, debt and equity capital markets knowledge, and execution of strategic and acquisition driven growth initiatives. Visit www.headhaulcapital.com.
About Argosy Private Equity
Argosy Private Equity, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects. Argosy Private Equity has $550 million in equity value of assets under management and is located in Wayne, Pennsylvania.
For more information on Argosy Private Equity, visit www.argosyprivateequity.com.
SOURCE Great Western Leasing and Sales, LLC