Northwest Pump & Equipment Co. Acquired by HIG Capital
Deal News | Nov 26, 2024 | Paul Hastings
HIG Capital Management, a prominent private equity firm, has completed the acquisition of Northwest Pump & Equipment Co., a leading distributor of industrial equipment in the Pacific Northwest, based in Portland, Oregon. The transaction was advised by the renowned law firm Paul Hastings, with leadership from Global Co-Chair of the Corporate Department, Amit Mehta. The Paul Hastings team was composed of partners, special counsel, associate lawyers, and senior attorneys from various fields of expertise. Paul Hastings is recognized for its elite teams in finance, mergers & acquisitions, private equity, restructuring, litigation, arbitration, and real estate. This acquisition marks another significant addition to HIG Capital's investment portfolio.
Sectors
- Private Equity
- Industrial Equipment
- Legal Services
Geography
- United States – HIG Capital is a U.S.-based private equity firm and the acquisition involved a U.S.-based company, Northwest Pump & Equipment Co., located in Portland, Oregon.
- Pacific Northwest – Northwest Pump & Equipment Co. is described as a leading distributor in the Pacific Northwest, making this geography relevant.
Industry
- Private Equity – HIG Capital Management is involved in the acquisition, which is typical activity within the private equity sector.
- Industrial Equipment – Northwest Pump & Equipment Co. operates as a distributor in the industrial equipment sector, which is relevant to this acquisition.
- Legal Services – Paul Hastings provided legal advisory services for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HIG Capital Management | Bidding Company | Company | A leading private equity firm involved in the acquisition of Northwest Pump & Equipment Co. |
| Northwest Pump & Equipment Co. | Target | Company | A leading distributor of industrial equipment in the Pacific Northwest. |
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising HIG Capital on its acquisition of Northwest Pump & Equipment Co. |