Jim Westman
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Hey Jim — similar IB → PE path. Been thinking a lot about proprietary origination in niche manufacturing lately. Would be good to connect.
Hey Jim, looks like we share a similar IB → PE path, though I was doing growth equity for a European fund not acquiring manufacturing companies like Latitude 27. most funds at this point have stacked up a solid toolkit — PitchBook, CRM, maybe Grata or a sourcing consultant. but the proprietary pipeline rarely reflects the size of the stack. none of it connects systematically, so the firm's thesis and network intelligence don't feed into each other — origination stays inconsistent instead of compounding. wondering if that's still how it plays out at Latitude 27? — Russ
Hey Jim, looks like we share a similar IB → PE path, though I was doing growth equity for a European fund not acquiring manufacturing companies like Latitude 27. most funds at this point have stacked up a solid toolkit — PitchBook, CRM, maybe Grata or a sourcing consultant. but the proprietary pipeline rarely reflects the size of the stack. none of it connects systematically, so the firm's thesis and network intelligence don't feed into each other — origination stays inconsistent instead of compounding. do you disagree? — Russ
hey Jim — this kept rattling around. when I was doing growth equity we had every subscription going — PitchBook, CRM, enrichment tools, the lot — and I still spent half my time manually pulling origination together across all of it. always wondered if that was just us being disorganised or if it's genuinely universal. did you ever run into that at Latitude 27, or was it just us? — Russ
hey Jim — appreciate the connect either way. I'm in and around manufacturing origination all day — if you ever want to swap notes on what's working, I'm easy to find. — Russ
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Prospect Research
## PROSPECT INFORMATION: Name: Jim Westman Title: Managing Director Fund: Latitude 27 Capital Background: Name: Jim Westman Current Roles: CEO at The Octex Group of Companies and Managing Director at Latitude 27 Capital. Location: Sarasota, Florida. Background: Jim has a strong foundation in finance and investment. He holds an MBA from Emory University's Goizueta Business School (1990) and an accounting degree from the University of Florida (1986). His career includes six years as a Manager at Ernst & Young and thirteen years as Managing Director of The Riverhawk Group, a boutique investment banking firm. Current Focus: He is currently leading Octex Group, a plastic injection molding and contract manufacturing firm, while simultaneously running Latitude 27 Capital. Through Latitude 27, he actively seeks to acquire U.S.-based manufacturing companies with annual revenues over $10 million and cash flow greater than $2 million. Key Skills: Mergers & Acquisitions, Venture Capital, Private Equity, Corporate Finance, Manufacturing, Plastics, and Injection Molding. Post Highlights: December 1, 2020: Jim announced a new venture, stating, "In late 2019, Tim & I formed Latitude 27 Capital, LLC... a private investment entity focused on purchasing US based manufacturing companies with defendable market niches and strong management teams." He noted their first acquisition, JK Findings, was having a "record-breaking year" despite "inauspicious timing." December 18, 2020: He celebrated a company milestone, sharing a post that noted, "Octex Celebrates 30th Year! Octex has seen a lot of changes over the last 30 years... the company has evolved into a contract manufacturer producing complex parts and assemblies, using engineered materials and advanced processes." February 26, 2021: Jim highlighted business expansion, quoting: "As a result of continued growth and customer demand, The Octex Group is again investing in new equipment, and expanding our capabilities. We now have molding machines ranging from 15T to 850T, producing complex components for the most demanding industries." March 13, 2019: Jim shared a recruitment post for Choice Tool & Mold, seeking experienced toolmakers knowledgeable in "Mastercam 3D programming" and "CNC setup and machining." Fund details: - Description: Latitude 27 Capital was founded to acquire or invest in dynamic small and middle-market companies. We are particularly interested in opportunities that allow us to partner with owners and management teams to improve operating performance, open new markets, and increase shareholder value. - Website: https://www.latitude27capital.com/ - Location: - Lead qualification: Research: - Query: =Latitude 27 Capital Jim Westman recent investments fund thesis - Answer: Latitude 27 Capital recently invested in JK Findings, a jewelry components manufacturer. Jim Westman leads the firm, focusing on small and middle-market companies. The firm supports acquisitions with debt capital from TCF and Route 2 Capital Partners.