A Partnership of Entrepreneurs, Operators & Investors
We seek to identify ambitious, high potential leaders or seasoned executives where our combination of operating support and permanent capital can help power sustainable growth.
About Us
Westerly backs ambitious operators with permanent capital to build platforms within durable industries that are predisposed to a multi-decade outlook. We employ a flexible structure that allows for continual reinvestment and compounding of cash flow. Westerly provides both the initial capital to launch a new platform or the first institutional capital into an existing platform to accelerate growth.
Team of Experienced Entrepreneurs
Our founders have built and grown businesses across a range of industries
Truly Permanent Capital
We never have to sell and measure returns in decades, not years
Putting Operators First
We know our blind spots and where we can add value, understanding that A+ talent comes above all else
Drivers of Value

Supply
- Increasing supply of high-quality and modestly priced small businesses
- Over 600,000 sub-institutional businesses(2), largely owned by boomers, looking to transition that can be acquired for attractive earnings multiples
- We employ a capital-efficient holding company (“Holdco”) structure within each of our platforms
- After modest upfront equity investment, pivot to funding growth through internal cash flow and debt, creating a flywheel for long-term compounding without additional equity funding

Structure

Structure
- We employ a capital-efficient holding company (“Holdco”) structure within each of our platforms
- After modest upfront equity investment, pivot to funding growth through internal cash flow and debt, creating a flywheel for long-term compounding without additional equity funding

Incentives
- Align incentives around long-term Multiple of Invested Capital (“MOIC”, or share price), rather than near-term distributions
- Evergreen structure with mechanisms for management and investor liquidity in the absence of company sale
- Partner with experienced co-investors and advisors in every platform
- Utilize replicable operational playbook from inception to maturity to maximize long-term potential

Experience

Experience
- Partner with experienced co-investors and advisors in every platform
- Utilize replicable operational playbook from inception to maturity to maximize long-term potential
Westerly Value Add
Investment Criteria
Team Characteristics
Ambitious Operators:
Relevant industry experience, in “middle-innings” of careers
Complementary Skillsets:
Time in the trenches, leadership, capital allocation
Career Orientation:
Multi-decade outlook, platform would be the keystone achievement of the teams we back

Business Characteristics
Enduringly Profitable:
Leaders within local markets providing critical, recurring services
Independently Owned:
Looking for a leadership transition or growth capital to reinvest
Unique Benefit from Permanent Capital:
Consistent secular tailwinds, lack of technological disruption, attractive but longer pay-back cycles, etc.

Portfolio
Team
Ross Brendel
Cofounder & Managing Partner
LinkedIn | vCard
Ross leads Westerly’s sourcing, diligence, and portfolio management. He currently serves on the boards of Sylmar Group and Evermore Industries.
Prior to founding Westerly in 2019, Ross was a Vice President at Sycamore Partners, an $8 billion private equity fund in New York, where he invested over $1 billion of equity across three funds. Ross began his career in the investment banking group at Blackstone, where he advised on transactions in the consumer, real estate, and business services sectors.
Ross received his B.A. summa cum laude, from Yale and his MBA from Harvard Business School.
Rich Littlehale
Cofounder
LinkedIn
Rich supports sourcing and board oversight of the portfolio. He currently serves on the board of Sylmar Group.
Rich has cofounded and sold operating companies within the technology and real estate sectors, and most recently founded a real estate investment firm called Six Peak Capital. Rich received his B.A. from Yale.