Water Engineering Announces the Acquisition of Gotham Refining Chemical Corp.
September 25 2024 - 7:19PM
Business Wire
- Water Engineering and Nolan Capital
remain excited and committed to establishing a water treatment
platform of scale offering the highest quality of
solutions
Water Engineering Inc. (“WEI”), a portfolio company of Nolan
Capital, expands its national footprint with the acquisition of
Gotham Refining Chemical Corp. (“Gotham”), a leading provider of
commercial and industrial water treatment services, programs,
chemicals, consultation, site plans and Legionella testing in the
Northeast.
Founded in 1986 by Andrew Lewin and based in Astoria, New York,
Gotham has built a reputation for providing exceptional water
treatment solutions in industries ranging from commercial buildings
to municipal systems. As a trusted partner to clients across the
Northeast delivering highly customized water treatment programs,
Gotham remains committed to enabling system longevity and
maximizing customer satisfaction.
Gotham will join the Water Engineering platform and further
solidify WEI’s existing presence and ability to provide long-term
service and maintenance to customers in the Northeast. Co-founder
and owner Andrew Lewin will remain with Gotham to ensure a smooth
transition. There is a shared commitment to maintaining the brand
name while continuing with the existing team and operations;
leveraging resources across the portfolio of WEI companies to
support the next stage of growth.
“Andrew has built and grown Gotham into a leading water
treatment business by staying on the forefront of service. Gotham
complements our full-service water treatment offerings and their
focus on providing excellent customer service is a natural fit for
the WEI family. We are thrilled to have them aboard as we embark on
this next stage of growth.” said David Wagenfuhr, CEO of Water
Engineering. “Our aim is to acquire partners who share our
customer-focused model, and we have found that in Gotham. As we
look forward, our focus remains on delivering exceptional value to
our clients and driving innovation in every aspect of our
operations. We remain excited to working with their employees in
growing the business by providing them with additional resources as
part of the broader WEI platform. We envision seamless integration,
ensuring that our clients continue to receive the highest level of
service without interruption. This acquisition also continues to
reaffirm our exciting 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. We are confident that this acquisition will not only
enhance our ability to serve existing clients but also open up new
opportunities for growth and collaboration in the industry.”
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 39
states and is actively pursuing additional acquisition
opportunities.
About Gotham Refining Chemical
Corp.
Founded in 1986, Gotham Refining Chemical Corp. has been
manufacturing chemists and serving the fields of heating, cooling,
well and domestic water treatments for over 50 years across the
state of New York.
Website: https://www.gothamchemical.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/20240925910649/en/
David Wagenfuhr – CEO Email: dwagenfuhr@h2oeng.com Phone: (402)
624-2286 Website: https://www.h2oeng.com/
Bobby Nolan – Vice President E-mail: bobby@nolancap.com Phone:
(424) 424-0094 Website: http://www.nolancap.com