Nolan Capital Acquires Majority Stake in Water Engineering, Inc.
March 21, 2022
Nolan Capital, the family office of Peter Nolan, has acquired a majority stake in Water Engineering, Inc., a Omaha-based provider of industrial water treatment solutions, chemicals and services. Nolan Capital’s Southern California portfolio company, Apollo Technologies, will join the combined Water Engineering platform as the investor and management team intend to pursue further acquisitions to build a national water treatment platform.
- Buyers
- Nolan Capital, Inc.
- Targets
- Water Engineering, Inc.
- Sellers
- David Wagenfuhr, Katie Wagenfuhr
- Industry
- Industrial Services
- Location
- Nebraska, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Kemira Oyj Agrees to Acquire Water Engineering Inc From Nolan Capital
September 16, 2025
Environmental Services
Nolan Capital, a family office, announced an agreement to sell its portfolio company Water Engineering, Inc. (WEI) to Kemira Oyj. The transaction is expected to close before year-end 2025, subject to regulatory approvals and customary closing conditions.
-
Water Engineering Acquires WET Solutions
May 3, 2024
Environmental Services
Water Engineering, a portfolio company of Nolan Capital, has acquired WET Solutions, Inc., a Schaumburg, Illinois-based provider of water treatment equipment, chemicals, consultation, and preventative maintenance services. The transaction is an add-on to Water Engineering’s platform aimed at strengthening its presence in the greater Chicago area while retaining WET Solutions’ brand and owner involvement for continuity and growth.
-
Water Engineering (Nolan Capital) Acquires Delta Chemical Corp.
May 23, 2023
Environmental Services
Water Engineering, a portfolio company of Nolan Capital, has acquired Delta Chemical Corp., a Jefferson, Louisiana–based provider of water treatment chemicals, equipment, consultation and preventative maintenance services. Delta's owners, Ross Heidingsfelder and Lee Mauberret, will remain with the business as it joins the WEI platform to expand the platform's footprint and continue WEI's consolidation strategy in water treatment services.
-
Water Engineering (Portfolio Company of Nolan Capital) Acquires Chem Pro Laboratory
September 6, 2022
Environmental Services
Water Engineering, a portfolio company of Nolan Capital, has acquired Chem Pro Laboratory, a family-owned water treatment provider headquartered in Gardena, California. The acquisition adds Chem Pro's water treatment equipment, chemicals, consulting and preventative maintenance capabilities to the WEI platform as part of a broader consolidation and growth strategy across 24 states.
-
Water Engineering (Nolan Capital Portfolio) Acquires American Water Treatment, Inc.
July 13, 2022
Environmental Services
Water Engineering, a portfolio company of Nolan Capital, has acquired American Water Treatment, a family-owned water treatment services provider headquartered in St. Louis, Missouri. The acquisition adds American Water’s ~900-customer, multi-state footprint to the WEI platform as an add-on to expand geographic coverage and service capabilities while retaining the existing team and legacy brand.
-
Nolan Capital Acquires Apollo Technologies, Inc.
September 29, 2021
Environmental Services
Nolan Capital, the family office of Peter Nolan, has acquired Apollo Technologies, Inc., a Southern California water treatment service contractor specializing in cooling tower and boiler preventative maintenance. Nolan plans to use Apollo as an anchor for a targeted acquisition strategy in the boiler water and cooling tower treatment industry while founder Bob Ricks will assist with growth initiatives.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.