SDR Ventures Advises Westland Distributing on Sale to Ogdon Ventures
SDR Ventures is pleased to announce that Westland Distributing, Inc. (“Westland Distributing”) has been acquired by Ogdon Ventures, LLC (“Ogdon Ventures”), a Denver-based private investment company. SDR served as the exclusive sell-side advisor to Westland Distributing throughout the transaction process.
Michael J. Young founded Westland Distributing in 1972 and along with his partner, Michael Lawson, developed the company into one of the dominant distributors of products to the manufactured home industry. Westland Distributing has offices in Denver, CO, Tempe, AZ and West Sacramento, CA and distributes a wide variety of manufactured home products to 13 states throughout the western United States.
“This transaction provided a unique opportunity for SDR to assist a very successful business whose owner was interested in the continued success of the Company,” stated SDR Director Mike Grande. “After receiving a high level of interest in Westland Distributing, we were able to locate a buyer that we believe will be able to take the business swiftly to the next level of growth and development. We were successful in helping provide both parties with a positive outcome.”
“SDR Ventures’ industry knowledge allowed its team to establish a competitive process and locate a buyer with the skillset to capitalize on the substantial opportunity we created at Westland Distributing,” explained Mike Young, former owner of Westland Distributing. “I’m confident that the Ogdon Ventures team has the experience to grow this company across the western U.S.”