Waypoint Announces Partnership with NW Boiler

Waypoint Acquisitions (“Waypoint”), a family office investment group, is proud to announce its investment partnership with NW Boiler (“NWB”), a prominent boiler services and equipment company serving Washington, Oregon, Alaska, and Idaho. NW Boiler offers an array of services, including maintenance, repair, new equipment, installation, retrofits, parts, and rental boilers to industrial and commercial clients in various sectors, such as manufacturing, healthcare, pharmaceutical, education, government, and utilities.

Founders Chris Scott (CEO) and Joe Weber (CTO) will maintain their current leadership roles at NW Boiler. The investment made by Waypoint and Northcreek Mezzanine will bolster NWB's ongoing execution and acceleration of its growth strategy, including the hiring of additional technical services and support staff, facilities, and expanding inventory and distribution of new and rental boiler equipment.

Chris Scott, President of NW Boiler, expressed, "This strategic move enables us to expand and achieve long-term growth while collaborating with entities built upon comparable ethical principles and who value personal relationships and customer satisfaction. NW Boiler will remain committed to our core values of integrity, dependability, and environmental awareness, as we pursue our vision of being the one of the most valued and reliable partners in the commercial and industrial sector."

Jim Mills, Managing Partner at Waypoint, stated, "We are thrilled to partner with NW Boiler in support of future growth initiatives under the able leadership of Chris and Joe. NW Boiler's extensive technical expertise, honed through decades of experience in the industry, coupled with their forward-thinking culture of training and developing new employees, provides a solid foundation for growth. We were particularly drawn to the company's unwavering commitment to their customers who rely on their technical expertise and equipment solutions to operate mission-critical aspects of their businesses. Beyond continued investment and excellence in technical services, we believe NW Boiler is well positioned to increase distribution with their manufacturing partners, ensuring they consistently provide the best mechanical room solutions for their clients. We are honored to invest in such a rising leader."

About NW Boiler
At NW Boiler, we strive to build strong, lasting relationships with our customers. Whether it’s a $5 million dollar boiler project or a $5 parts sale, we want our customers to feel like they got more than what they expected. Since our founding, we have remained focused on bringing our customers not only the most comprehensive customer support, but also delivering high-quality and cost-effective solutions tailored to their exact needs. Putting our clients’ interests first, we work hard to exceed their expectations. You can talk about success, but at the end of the day, success in our business is measured by results. And we believe real results begin with real values. At NW Boiler, dependability and accountability are at the forefront of our culture. As a company and as individuals, we value teamwork, innovative spirit, quality craftsmanship, and integrity above all else.

About Waypoint Acquisitions
Waypoint is an investment group focused on investing in family-owned and founder-led businesses. Our principals and investors are current and former operators of privately-held and long-standing family businesses. We work with existing and/or new management to build upon the long-term success and legacy of enduringly profitable businesses. Our approach is based on leveraging the foundational strengths of each business while using capital and operational expertise to support future growth.

About Northcreek Mezzanine
Northcreek is a Small Business Investment Company (“SBIC”), based in Cincinnati, OH, investing out of four private investment funds. Northcreek provides creatively structured mezzanine debt and equity investments to lower-middle market companies. Northcreek works with management teams, business owners and private equity groups to provide the capital needed for a variety of purposes including the acquisition or buyout of a business, capital for growth including acquisition of equipment, product lines and/or personnel, and capital to deleverage a balance sheet. As a financial partner to over hundreds of businesses, the principals of Northcreek have developed a strong and valued reputation as a trusted and reliable financial partner.