Alternative investment firm H.I.G. Capital said an undisclosed portfolio company acquired Northwest Pump and Equipment Co.
Terms of the transaction were not disclosed.
Portland, OR-based Northwest Pump is a distributor of products and services to fueling stations, EV charging infrastructure and other industrial applications. Northwest has been an ESOP company since 2006. Established in 1959, Northwest Pump serves approximately 6,000 customers across the Western U.S. through 20 branch locations and a workforce of around 350 employees.
“Northwest Pump represents an exciting opportunity to invest in a differentiated and leading distributor that is poised for growth,” H.I.G. Capital Managing Director Matt Kever said in a Nov. 22 news release. “We’re excited to partner with Bob and the entire Northwest Pump team to execute on an organic and inorganic growth strategy focused on increasing density and expanding the Company’s scope of services and product offerings.”
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