M&A Deal Summary

H.I.G. Private Equity Acquires Northwest Pump

On November 22, 2024, private equity firm H.I.G. Private Equity acquired energy services and equipment company Northwest Pump

Acquisition Highlights
  • This is H.I.G. Private Equity’s 7th transaction in the Energy Services and Equipment sector.
  • This is H.I.G. Private Equity’s 246th transaction in the United States.
  • This is H.I.G. Private Equity’s 1st transaction in Oregon.

M&A Deal Summary

Date 2024-11-22
Target Northwest Pump
Sector Energy Services and Equipment
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Northwest Pump

Portland, Oregon, United States
Northwest Pump is a distributor of petroleum equipment and industrial pumps and compressors across the Western United States. Northwest Pump was founded in 1959 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 370 of 383
Sector: Energy Services and Equipment M&A 7 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 113 of 117
State: Oregon M&A 1 of 1
Country: United States M&A 246 of 249
Year: 2024 M&A 23 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Deenova

Gragnano Trebbiense, Italy

Deenova is a provider of advanced services to hospitals. It offers integrated turn-key solutions to hospitals for the traceability and management of unit dose drugs and medical devices. Deenova solutions, which include proprietary software, patented robotic technologies and specialist support services, enable drugs and medical devices management from digital prescription to automated personalized unit dose treatment, up to software controlled administration to patients. Complete traceability of medications and medical devices allows significant reduction in errors in therapy management and in related waste, resulting in material savings for hospitals in terms of reduced drug spending and clinical risk. Deenova was founded in 2004 and is based in Gragnano Trebbiense, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 ServiceTitan

Glendale, California, United States

ServiceTitan is a mobile, cloud-based software platform that helps home services companies streamline operations, improve customer service, and increase sales. ServiceTitan was founded in 2012 and is based in Glendale, California.

Sell -