Nwestco, a Denver-based provider of fuel and car wash equipment services, completed its acquisition of Palmetto Environmental Group LLC on October 16, 2023. The transaction aims to expand service offerings across western and Midwest regions.
About the Deal
Palmetto Environmental Group, founded in Denver in 2003, specializes in environmental investigation, remediation, storage tank compliance, and site demolition. The acquisition enables Nwestco to integrate environmental and compliance solutions into its existing portfolio.
Leadership Perspective
"This combination will allow customers to receive enhanced compliance and environmental-oriented services through a single provider."
"The complementary strengths of two companies create expanded value—one plus one equals three."
Company Background
Nwestco operates 11 branch locations with over 100 specialized technicians, bringing 30+ years of industry experience. The company is backed by Guardian Capital Partners, a Philadelphia-based private equity firm focused on lower middle-market investments.
Financial terms were not disclosed.