In a significant move in the fuel and car wash equipment sector, Guardian Capital Partners, a private equity firm renowned for its operational focus and lower middle market control investments, has announced its acquisition of Nwestco.
Current CEO, Tim Gibbar, who has been instrumental in the success of Nwestco, will maintain his leadership position and hold a substantial ownership stake in the company.
Nwestco boasts over three decades of expertise as a prominent provider of fuel and car wash equipment, including maintenance, compliance, and installation services. Primarily serving the western and Midwest regions of the United States, Nwestco leverages its 11 branch locations and a robust team of more than 100 specialized field technicians to deliver mission-critical services to fueling and car wash operators.
Ryan Northington — Partner at Guardian Capital Partners said: “Tim and the Nwestco team have established an incredible operation that is recognized industry-wide for its professional, high-quality approach and deep expertise.
“Nwestco and Guardian have developed a strategic plan focused on rapidly expanding the Company’s maintenance and compliance service offerings in core and adjacent geographies through organic initiatives and strategic M&A in a highly fragmented market.”
Guardian Capital Partners’ acquisition of Nwestco marks a pivotal step in both companies’ growth strategy, emphasizing their commitment to delivering quality services and leading innovation in the industry. The partnership will enable the businesses to capitalize on each other’s strengths and expand their reach further into the fuel and car wash equipment sector.
Tim Gibbar said: “Guardian’s approach and culture are a clear fit with Nwestco and we look forward to the partnership. Together we are focused on continued growth, expanding our offerings and capabilities, and building broader geographic reach.
“Guardian’s partnership, along with our growth and M&A strategy, will continue to help us scale and better serve our team members, customers, and the industry as a whole.”
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