September 30, 2014
Dobbs Management Service, LLC (“DMS”), the family office of the John Hull Dobbs Family, completed the acquisition of GWP Holdings, LLC (“GWP”) the parent company of Western Peterbilt and Western Truck Parts and Equipment Company, a leading operator of heavy duty truck dealerships in the Pacific Northwest. Dobbs acquired GWP from Greenbriar Equity Group LLC on September 2, 2014. Cascadia Capital served as the co-advisor to GWP in the transaction along with Donnelly, Penman & Partners in Michigan.
Headquartered in Seattle, Washington, GWP operates a network of 17 locations from Northern California to Alaska that provide one-stop service for its customers, including the retail sale of new and used transportation equipment, aftermarket parts sales, full-service maintenance, short-term truck rental, long-term full service leasing and financing. The company sells Peterbilt, Volvo, Mack, Autocar, Crane Carrier and Hino branded vehicles.
The Dobbs family has a deep rooted history in the dealership community having founded and built a successful automobile dealership franchise over an almost 80 year period that was one of the largest dealership groups in the United States.
Frank Anglin, CEO and President of GWP stated, “We are excited about our partnership with Dobbs and value their long-term focus on growing our business, their commitment of capital to assist in our growth, as well as their prior dealership experience.”
Edward Dobbs, who will serve as Chairman, stated, “As long-term investors, we are excited about partnering with GWP’s management team and its employees, as well as supporting their customers and original equipment manufacturer relationships. Over the years, we have evaluated many opportunities in the heavy duty industry and believe GWP represents the best brands in the industry and is an exceptional platform for future growth.”
Senior Vice President
About Cascadia Capital
Cascadia Capital is a diversified investment bank, serving both private and public growth companies around the globe. Cascadia’s business is diversified in terms of both the industries the firm covers and the range of services it provides. Cascadia is a pure advisory firm, and unlike other investment banks, it is not conflicted by trading, lending, research or cross-selling business. For over a decade, the firm has delivered the best outcomes for its clients based on its transaction experience, domain expertise and commitment to building long-term relationships. Cascadia always acts in the long-term interests of clients, and honors its position as a trusted advisor. For more information, visit the firm’s newly launched website at http://www.cascadiacapital.com