Westham Capital believes the best indication of our interest in a business opportunity is our willingness to co-invest alongside our Partner Funds in a deal which we have both originated and initially analyzed.
We co-invest alongside our Partner Funds, and others when appropriate, in transactions ranging from $5MM to $100MM of enterprise value. Similar to the diversity and flexibility of our Partner Funds' interests, our co-investment can take many forms: equity (leveraged buyouts, management buyouts and buy-ins, growth equity investments); sub-debt; senior debt and hybrid opportunities.
In addition to sourcing and recommending transactions to our Partner Funds, we can also play a role in detailed analysis and due diligence when appropriate. This is especially true for deals within industry sectors in which we have significant institutional knowledge (e.g., healthcare; food-related businesses; niche manufacturing and distribution; and business services).
Representative Investment
In 2005, Westham Capital was approached by a 28-year veteran of the waste services industry who was interested in both investing in and operating two Florida-based companies. After screening and evaluating the companies, we contacted WHI Capital Partners, one of our Partner Funds. Following our initial review and a site visit to the companies, WHI structured the transaction, effectively combining the two businesses into a single entity to create Emerald Waste Services, the leading construction and demolition (C&D) waste services provider in Northwest Florida. Westham Capital then invested alongside WHI on the same terms; our joint investment closed in early 2006. The growth strategy for this investment is to continue to acquire smaller C&D and municipal solid waste (MSW) companies throughout the Florida market.
Family Offices, Wealth Managers, and other accredited investors interested in participating in Westham's Principal Investments may contact WCP.
