We’re thrilled to announce an exciting new chapter for Northwest Pump as we join forces with H.I.G. Capital to bring you even better support and customer service. H.I.G. is a global alternative investment firm with $66 billion of capital under management. This acquisition marks a significant milestone for Northwest Pump’s journey as an Employee Stock Ownership Plan company, paving the way for enhanced growth opportunities while delivering exceptional returns to its employee-owners.
Founded in 1959 as a family-owned business, NWP transitioned to an ESOP in 2006. Through its commitment to quality, innovation, and customer satisfaction, the company has thrived under the ESOP structure, providing its employees with a meaningful stake in its success. This acquisition not only validates the company’s strength but also reflects its continued potential for growth under new ownership. Northwest Pump plans to keep all employees and the current leadership team in place and is excited to welcome the talented team at H.I.G. who will assist in achieving the continued growth ahead.
Bob Mathews, CEO of Northwest Pump, said, “Over its 65-year history, Northwest Pump has established itself as an industry leader by relentlessly servicing its customers, caring for its employees, and working with key suppliers to provide a growing suite of innovative products. With H.I.G.’s extensive resources and experience, we are well-positioned to expand the reach and breadth of our solutions to serve our customers and OEM partners better.”
Matt Kever, Managing Director at H.I.G. Capital, said, “Northwest Pump represents an exciting opportunity to invest in a differentiated and leading distributor poised for growth. We’re excited to partner with Bob and the entire Northwest Pump team to execute an organic and inorganic growth strategy focused on adding density and expanding the Company’s scope of services and product offerings.”
We want to assure you that the NWP brand you know and love will remain intact. Our commitment to delivering the quality of service you expect is as strong as ever.
Don’t hesitate to contact your same representatives for future needs or if you have any questions. We appreciate your continued support as we look forward to a bright future with our new team members.
