Denver, Colorado and Boston, Massachusetts – Nwestco, LLC (“Nwestco” or the “Company”), an equipment distributor, installer and maintenance provider to retail fuel stations and car washes in the Pacific Northwest and Rocky Mountain regions, today announced a growth capital investment by WestView Capital Partners, a Boston-based private equity firm focused on middle market growth companies.
Based in Denver, Colorado, Nwestco offers a comprehensive portfolio of over 2,000 products through relationships with over 200 equipment manufacturers and delivers installation and ongoing maintenance services with a base of nearly 80 skilled technicians. The Company is based in Denver, Colorado and operates five additional branches across Montana, Washington, Oregon and Idaho.
“Our commitment to offering the highest quality one-stop solution for our customers’ equipment and service needs has enabled Nwestco to achieve impressive long-term growth,” said Tim Gibbar, CEO of Nwestco, “We are excited to partner with WestView as we look to further accelerate our growth organically and via acquisition, adding new capabilities, building out additional technician infrastructure and expanding to new territories that bolster our turnkey offering to customers.”
“I started my career 30 years ago as a District Engineer at Shell Canada, where I oversaw all maintenance and construction activities for over 220 gas stations and car washes. With that experience, I learned firsthand the importance of having a reliable, high quality fuel and car wash equipment and service partner – particularly in hard-to-reach territories. Nwestco is one such partner and is well-positioned to continue its growth trajectory under Tim Gibbar, a true leader in the industry,” said Carlo von Schroeter, a Managing Partner at WestView, who will join the Board of Directors at Nwestco. “Tim and his team have significant opportunity ahead, and we’re excited to support them in the next stage of the Company’s growth,” added Evan Horton, a Principal at WestView who will also join the Board of Directors.
Nwestco is a leading equipment distributor, installer and maintenance provider to retail fuel stations and car washes in the Pacific Northwest and Rocky Mountain regions. The Company provides a one-stop solution for its customers’ equipment and service needs, offering a comprehensive product portfolio and delivering high quality installation and ongoing maintenance services. Nwestco is based in Denver, Colorado and operates five additional branches across Montana, Washington, Oregon and Idaho. Additional information can be found by visiting www.nwestco.com.
About WestView Capital Partners:
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1 billion in capital across three funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as growth industrial, healthcare technology and outsourcing, business services, software and IT services, and consumer. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $50 million. For more information, please visit www.wvcapital.com.