Former candidate Jeb Bush endorsed Ted Cruz for the Republican presidential nomination on Wednesday, saying the U.S. senator from Texas represents the party's best chance of winning the White House.

In a statement, the former Florida governor called Cruz a consistent, principled conservative who has demonstrated an ability to appeal to voters and win primary contests.

"Washington is broken, and the only way Republicans can hope to win back the White House and put our nation on a better path is to support a nominee who can articulate how conservative policies will help people rise up and reach their full potential," Bush said.