Carl Westcott founded Westcott LLC in 1996 as an entrepreneurial private investment platform. Since then, Carl Westcott has cemented his reputation as a forward thinking entrepreneur and investor. The investments of Westcott Industries are as varied as Mr. Westcott’s career including: real estate, technology, energy, finance, and consumer services.
Mr. Westcott began his career in the automotive industry. In 1974 he formed First Extended Service Corporation becoming the world’s first originator of extended automotive service agreements for new automobiles. By the late eighties First Extended was generating in excess of 50,000 service agreements per month across 50 states. In all, First Extended generated over 6 million service agreements, demonstrating year-over-year growth until the business was sold to AON, the global insurance giant in 2006.
Mr. Westcott founded his most successful venture, Westcott Communications, in 1986. Westcott Communications was the premier company for delivery of video training programs via satellite. Mr. Westcott took the company public in 1989 and sold it in 1996 to K-III Holdings, Inc.
Westcott Industries has also managed venture investments such as Internet America, one of the nation’s largest regional Internet Service Providers (ISP) and Digital Witness, a leading provider of digital surveillance solutions. Westcott had a 60% ownership stake in Internet America which was sold in 1999 when the company went public. Digital Witness was sold to Westec in 2007 for $32.5 million.