Novastone Searcher Bill Rees Acquires Cronus Technology, Inc.
June 9, 2025
Novastone Capital Advisors searcher Bill Rees has completed the acquisition of Cronus Technology, Inc., a Houston-based pipeline and subsea engineering services firm. The transaction resolves a succession challenge for founder Eric Romero and brings CTI under operator-led ownership as part of NCA's Operator-Led Search Fund Program.
- Buyers
- Novastone Capital Advisors, Bill Rees (NCA Searcher)
- Targets
- Cronus Technology, Inc.
- Sellers
- Eric Romero
- Industry
- Engineering Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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