SWS Equipment (SWS), a Northwest USA environmental waste equipment distributor, has received a majority growth investment from Montlake Capital, a Northwest growth equity firm and Cascadia Private Capital, the private capital arm of Cascadia Capital.
The investors will partner with SWS founder Paul Cochran and his team to drive growth and geographic expansion throughout the Northwest.
Founded in 1990 by President Paul Cochran, SWS provides waste, recycling, sewer, and sweeper equipment, service, parts and rentals to the greater Northwest region. Over three decades, SWS has grown its product and service offering and expanded its customer base across Washington, Idaho, Montana and Oregon. The strategic investment from Montlake and Cascadia provides growth capital that will enable SWS to service the growing needs of its portfolio of OEM partners, while expanding its state, municipal, retail, utility and contractor customer base.
“SWS has grown tremendously from our humble beginnings. This partnership will allow us to better serve our customers and employees and meet the growing demand for equipment from our OEM partners,” says Cochran. “We are excited to work closely with Montlake and Cascadia. They bring extensive experience and resources to our partnership and will provide valuable strategic guidance as we continue to grow and prosper in the region.”
In conjunction with the investment, Brian Bogen, of Cascadia Private Capital, and Andy Dale and Noel de Turenne, of Montlake Capital, will join the SWS Board of Directors.
Dale notes: “It is very rewarding to have the opportunity to partner with Paul and his team – Northwest leaders in the environmental waste equipment business for more than three decades. We look forward to building on their strong foundation for many years to come.”
“We are proud to partner with SWS and Montlake Capital,” adds Bogen. “SWS is positioned for significant growth and this investment ensures the company is capitalised to execute on the opportunities before them. We are excited to be a part of the success of this great Northwest business.”
