Water Engineering Inc., a Portfolio Company of Nolan Capital, Announces the Acquisition of WET Solutions, Inc., a Leading Provider of Water Treatment Services, Chemicals, and Consultation for a Variety of End Market Applications
May 03 2024 - 1:32PM
Business Wire
- Water Engineering and Nolan Capital
are excited to continue their momentum in building a quality water
treatment platform of scale
WET Solutions, Inc. (“WET Solutions”), based in Schaumburg, IL,
has been acquired by Water Engineering (“WEI”). WET Solutions will
join the Water Engineering platform and compliment WEI’s existing
presence in the greater Chicago area. Co-founder and owner Steve
Hallier is maintaining an ownership stake and will remain with WET
Solutions to ensure a smooth transition. There is a shared
commitment to maintaining the brand name while continuing with the
existing team and operations across the portfolio of WEI companies,
which succeed because of their service-first focus.
“Steve runs a first-class operation at WET Solutions, and we are
excited to partner with him and take the business to the next phase
of growth,” said David Wagenfuhr, CEO of Water Engineering.
“Steve has built a strong platform focused on providing excellent
customer service, which mirrors our approach at WEI. Our aim is to
acquire partners who share our customer-focused model, and we have
found that in WET Solutions. We look forward to working with their
employees to grow the business by providing them with additional
resources as part of the broader WEI platform. This acquisition
also continues to reaffirm our exciting consolidation strategy with
a partner in Nolan Capital that shares our vision for scaling while
also maintaining our operational emphasis on providing
best-in-class service and solutions.”
About Water Engineering,
Inc.
Water Engineering is a leading provider of water treatment
chemicals, consultation, and services for a wide variety of end
market applications. Founded in 1994 and headquartered in Omaha,
NE, the business serves thousands of customers nationwide. Through
ten acquisitions, WEI has expanded from a single-state footprint
based in Nebraska to providing water treatment solutions across 34
states and is actively pursuing additional acquisition
opportunities.
About WET Solutions,
Inc.
Founded in 1994, WET Solutions, Inc. is a leading provider of
water treatment equipment, chemicals, consultation, and
preventative maintenance services across an industrial, commercial,
and institutional customer base. WET Solutions serves customers
across the states of Illinois and Wisconsin.
Website: https://www.wetsolutionsinc.com/
About Nolan Capital,
Inc.
Nolan Capital is the family office of Peter Nolan. Peter has
more than 40 years of investing experience and was the former
Managing Partner of Leonard Green and Partners in Los Angeles,
California. He currently serves as a Senior Advisor to Leonard
Green. Peter has investment experience in a variety of sectors,
such as consumer products and services, retail and restaurants,
manufacturing, distribution, industrial products, business
services, government services and healthcare. Nolan Capital invests
in leading middle-market companies. Led by Peter Nolan, Nolan
Capital executes and manages control investments in operating
companies, real estate and other investments on behalf of the Nolan
family.
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version on businesswire.com: https://www.businesswire.com/news/home/20240503202145/en/
Water Engineering, Inc. David Wagenfuhr – CEO Email:
dwagenfuhr@h2oeng.com Phone: (402) 624-2286 Website:
https://www.h2oeng.com/
Nolan Capital, Inc. Drew Dunnington – Vice President
E-mail: dunnington@nolancap.com Phone: (424) 675-7610 Website:
http://www.nolancap.com