Westway receives Capitol Meridian's backing

Westway Enterprises, a provider and renter of secured workspaces to companies in the national security market, has agreed to be acquired by investment firm Capitol Meridian Partners as part of a facility expansion push.

Founded in 2008, Westway currently operates four classified facilities and is working on a fifth. Westway describes its customer base as including prime contractors, small businesses, non-traditional companies, and academic and research institutions.

As Westway sees the world, demand for secured spaces far exceeds supply of them as it requires years of time and money for companies to build these facilities on their own. Westway said Tuesday that it will accelerate its build-out of accredited capacity with the support of CMP.

Financial terms of the transaction were not disclosed.

“Secure infrastructure has become one of the most constrained and most strategic assets in national security,” Westway CEO Robert Miller said in a release. “Our mission is to accelerate American innovation by opening classified work to every kind of organization — from small businesses and commercial innovators to non-traditional defense contractors and the government itself — with fast, scalable access to the secure environments where the most sensitive work gets done.

Miller joined Westway in February after a three-year term as CEO of SilverEdge Government Solutions, which Science Applications International Corp. acquired in the fall.

Westway’s current facilities are located in Herndon and Chantilly in Virginia, as well as St. Louis and Aurora, Colorado. The fifth hub in Huntsville, Alabama, is eyed for opening in 2027.

Tiffanny Gates, a CMP operating partner, has joined Westway’s board of directors as chair. Westway will also pursue acquisitions with the backing of CMP.

CMP was founded in 2021 by Adam Palmer and Brooke Coburn, both formerly of Carlyle Group, and closed its first investment fund in 2024 at $900 million.

Westway was advised by Morgan, Lewis & Bockius LLP. CMP was advised by Latham & Watkins LLP.