Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses is pleased to announce a majority interest acquisition of its client, DLM Oilfield Enterprises Ltd. (DLM), headquartered in Bonnyville, Alberta, by Westward Partners, LLC, headquartered in Seattle, Washington. The transaction closed on April 17, 2012.

Founded in 2002 by long-time oilfield entrepreneur Dave Petry, DLM provides maintenance services to cold oil and SAGD production facilities throughout Northeast Alberta. The Company utilizes its large fleet of flush-by trucks, pressure trucks, and vacuum trucks and an experienced base of operators to service some of the largest oil companies in Alberta. The Company maintains over 40 pieces of heavy equipment including pressure trucks, body-job vacuum trucks, flush-by trucks, and semi-vacuum trucks to provide a variety of services to cold production and SAGD facilities. The large employee base of DLM is focused on providing industry-leading customer service.

Seattle-based Westward Partners is a private equity firm created to address the needs of smaller middle-market companies with revenue up to $75 million and EBITDA up to $10 million. Westward partners with strong management teams in closely-held businesses to build long-term value for its investors, its management teams, and the employees of its portfolio companies. Over the past 12 years, Dave Petry, DLM's current and long-time President, has led the Company's growth from a single truck to one of the largest operators in the region. "Westward's transaction experience proved invaluable in getting our deal completed on a timely basis. We look forward to the many resources Westward can bring to bear to help us achieve our growth goals for the future," Mr. Petry said. Managing Directors Stephen Crisham and Lori Galloway, together with affiliate Ted Rattenberry, led the Generational Equity deal team that advised DLM on the transaction. stated Ted Rattenberry.