RICHMOND, VA – November 22, 2005 –
Westham Capital Partners, a Richmond, VA based private equity firm, is
pleased to announce the formation of a strategic partnership with
Chicago, IL based WHI Capital Partners (WHICP). Under the terms of the
partnership, Westham will serve as an outsourced business development
partner and co-investor, providing coverage of deal sources located
throughout the majority of the United States.
“The addition of WHI
Capital Partners as a partner fund now provides Westham with a true one
stop shop for deal sources”, commented Andy Brusman, Managing Director
of Westham. “WHICP’s unique fund structure, coupled with the
operational and financial expertise of their principals, consistently
positions them as a preferred buyer for a business owner interested in
selling, recapitalizing or seeking growth capital.
The partnership allows WHICP to
immediately tap into a deep and diverse existing network of deal
sources that Westham maintains in both primary and secondary US
markets.
“Partnering with Westham will be a
significant value-add for WHICP”, said Adam Schecter, Managing Partner
of WHI Capital Partners. “Westham is a firm with unique capabilities,
including a seasoned professional team that is able to tap into
extremely strong relationships with deal sources across the United
States. This partnership will undoubtedly help us in sourcing and
closing on new investments.
Westham Capital Partners, based in
Richmond, VA, serves as a co-investor and strategic partner to private
investment groups who desire concentrated investment opportunity
development throughout most of the United States. These funds have
retained Westham to provide them with a dedicated, more efficient
business development effort targeted toward intermediaries, business
brokers, attorneys, accountants and other persons of influence. In
addition to WHI Capital Partners, the firm has partnerships, all of
which are non-competing, with Fortress Investments, The Halifax Group
and Albion Investors, representing a combined interest in buyout,
growth capital, subordinated debt, senior debt and distressed
investment opportunities. For additional information on Westham, please
visit www.westhamcapital.com.
WHI Capital Partners is a Chicago-based
private equity group that invests in mid-size companies that have been
consistently profitable and fundamentally well-run, but which possess
unrealized potential that can be unlocked with the help of their
financial, strategic and operational resources and expertise. It is
their aim to build on a company’s existing strengths by helping
management fine-tune operating efficiencies and execute a focused
growth plan. Their investment philosophy relies primarily on
establishing strong, effective and trusting partnerships with senior
management to help a company realize its full potential. For
additional information on WHI, please visit www.whicapital.com.
For additional information, please contact:
Andy Brusman Adam Schecter
Managing Director Managing Partner
Westham Capital Partners WHI Capital Partners
804-282-0785 312-621-0641