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What a year.

Before we bid adieu to 2020 with a collective sigh of relief, we take this moment to reflect on a year like no other. With caution and concern for the health and well-being of one and all, we enter 2021 from a remarkable position of strength.

A quick review.

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    • Investments

      Steady is the way we grow.

      A hearty welcome to our six new 2020 True West portfolio companies. We are partners joined by shared goals, mutual respect and a relationship that strengthen the sum of our parts.

    • Investments
      Fund II

      Quik Pik

      Quik PIK is headquartered in Phoenix, Arizona and provides regional roadside assistance for insurers, road clubs, and other customers.

      $5.5m Subordinated Notes and Equity
      July 2020
    • Investments
      Fund II

      Venio Systems, Inc.

      Venio is headquartered in Fairfax, Virginia and provides eDiscovery software solutions that serve law firms, government entities, service providers, and corporations.

      $12.0m 1st Lien Term Loan and Equity
      July 2020
    • Investments
      Fund II

      Ellison Bakery

      Founded in 1945 and headquartered in Fort Wayne, Indiana, Ellison Bakery formulates, develops, and manufactures cookies, crunches, inclusions, bars, and baked goods for the retail, food service, and private label end markets.

      $8.7m Subordinated Notes and Equity
      July 2020
    • Investments
      Fund II

      Evergreen Research

      Evergreen Research is headquartered in Golden, Colorado and is a provider of end-to-end solutions for medical devices development, manufacturing, and regulatory approvals.

      $4.9m Subordinated Notes and Equity
      August 2020
    • Investments
      Fund III

      Contract Sweeping Services
      Statewide Construction Sweeping

      Founded in 1958, West Sweeping Services is headquartered in Milpitas, CA and provides sweeping services for municipalities and highway / road construction projects serving customers primarily in northern California.

      $5.995m of Sub Debt and Equity
      October 2020
    • Investments
      Fund III

      CEO Warrior

      Founded in 2014, CEO Warrior is headquartered in East Brunswick, NJ and is a coaching, training, and networking membership organization for service business owners in the United States, Canada, Australia, and New Zealand.

      $8.8m of Sub Debt and Equity
      December 2020
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  • Funds

    One, two and now three.

    True West is now actively investing out of Fund III. We have capital to invest and we are ready to move forward, helping new partners take the next big step.

    1 2 & 3
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    Team

    One more for the team.

    Mykel Kilgore

    Expanding our investment team means increasing our bench strength in underwriting and portfolio management. Mykel Kilgore joined us in August for this very reason and our True West team is all the better for it.

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    Onward

    Thank you.

    As we look forward to the coming year, we will rely on the values and strategies which have guided us to date, delivering on behalf of all True West partners.

    May the New Year be good to us all.

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