Nwestco, LLC Successfully Completes the Acquisition of W. Banks Moore, Inc. and Moore Services, Inc.
November 5th, 2020
DENVER, CO (November 05, 2020) – Nwestco, LLC (“Nwestco” or the “Company”), a Denver,CO-based distributor, installer, and maintenance service provider to petroleum and car wash service stations, has successfully completed the acquisition of W. Banks Moore, Inc. (“Banks”) and Moore Services, Inc. (“Moore Services”), collectively referred to as “Banks Moore.”
Founded in 1979, Banks Moore has evolved into a full-service maintenance service and petroleum equipment distributor to retail and commercial petroleum and car wash service stations across
central California. Since 1979, Banks Moore has been owned and operated by multiple generations of the Moore family out of Banks Moore’s headquarters in Fresno, California. Tim Gibbar, Nwestco’s CEO, commented “Banks Moore’s combination of years of success as a Gilbarco distributor, coupled with the ongoing growth of their car wash operations, sets up exceptionally well for customers and employees of both organizations.” Ryan May, Nwestco’s President, added “the Nwestco team is thrilled to partner with John and Pat Moore, and the rest of the team at Banks Moore to continue their 40+ year legacy of superior service and customer satisfaction.” Following the transaction, John and Pat Moore will remain with the newly combined businesses for a handful of years as they begin to evaluate their future life plans after many years in the petroleum and car wash industry.
The acquisition of Banks Moore marks the third acquisition Nwestco has completed since WestView Capital Partners invested in the Company in mid-2017. The combination of Banks and Nwestco is a logical next step for the Company as it solidifies its dominant presences throughout the Western US, Rocky Mountains, and Southeastern states.
Nwestco is a leading equipment distributor, installer, and maintenance provider to retail fuel stations and car washes in the Pacific Northwest, Rocky Mountain, and Southeastern regions of the US. 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 eight additional branches across Montana, Washington, Oregon, Idaho, Arkansas, and California. 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 middlemarket growth companies, manages approximately $1.7 billion in capital across four funds.
WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as healthcare technology and outsourcing, business services, software and IT services, consumer, and growth industrial. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $60 million. For more information, please visit www.wvcapital.com.