Water Engineering Inc. (“WEI”), a Portfolio Company of Nolan Capital, Announces the Acquisition of American Water Treatment, Inc. (“American Water”), a Leading Provider of Water Treatment Services, Chemicals, and Consultation

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American Water Treatment, Inc. a leading provider of water treatment equipment, chemicals, consultation, and preventative maintenance services for a wide variety of end market applications, announced that it has been acquired by Water Engineering.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, July 13, 2022
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Tags: 
Construction & Property, Finance, HVAC, Building Systems, Engineering, Professional Services, Other Construction & Property, Manufacturing, WEI, Restaurant, Health, Engineering, Acquisition, American Water, Family, Solution, Water, Partner, Maintenance, CEO, Wilson, Water Engineers for the Americas, Bachelor of Engineering, Investment, Leonard Green & Partners, Senior advisor, Growth, Bottled water, American
Geotags: 
UNITED STATES, NORTH AMERICA, NEBRASKA, MISSOURI, INDIANA, NE, KANSAS, CALIFORNIA, LOS ANGELES, OHIO, OKLAHOMA
Summary
Key Points: 
  • American Water Treatment, Inc. a leading provider of water treatment equipment, chemicals, consultation, and preventative maintenance services for a wide variety of end market applications, announced that it has been acquired by Water Engineering.
  • We are excited with the opportunity to acquire American Water, said David Wagenfuhr, CEO of Water Engineering.
  • Water Engineering is a leading provider of water treatment chemicals, consultation, and services for a wide variety of end market applications.
  • American Water Treatment, Inc. is a leading provider of water treatment equipment, chemicals, consultation, and preventative maintenance services across an industrial, commercial, and institutional customer base.


American Water Treatment, Inc. a leading provider of water treatment equipment, chemicals, consultation, and preventative maintenance services for a wide variety of end market applications, announced that it has been acquired by Water Engineering. American Water was founded by the Wilson family and has been family-owned and operated since 1950. Headquartered in St. Louis, Missouri and servicing four adjacent states (Indiana, Ohio, Kansas, Oklahoma), American Water will join the Water Engineering platform and compliment an expanded footprint in water treatment solutions across 24 states.

David Wagenfuhr, the CEO of Water Engineering, will work with the WEI team to integrate American Water into the platform while maintaining its legacy brand and building on its strong local reputation. There is a shared commitment to maintaining the existing team and operations across the portfolio of WEI companies, which succeed because of their service-first focus.

“We are excited with the opportunity to acquire American Water,” said David Wagenfuhr, CEO of Water Engineering. “Erik Wilson and his family have built an impressive business focused on providing quality customer service, which we are privileged to build upon. Our goal is to acquire strategic partners who share our customer-focused philosophy. We look forward to working with the American Water employees to grow the business by expanding on the strong business model Erik and his family have created while providing them with incremental resources as part of the WEI platform. This acquisition also continues to reaffirm our exciting consolidation strategy, and I am thrilled that we have found in Nolan Capital a partner that shares our vision for growth 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 over 2,000 customers. Through eight acquisitions, WEI has expanded from a single-state footprint based in Nebraska to providing water treatment solutions across 24 states.

About American Water Treatment, Inc.

American Water Treatment, Inc. is a leading provider of water treatment equipment, chemicals, consultation, and preventative maintenance services across an industrial, commercial, and institutional customer base. American Water’s field technicians service highly-technical cooling tower and boiler systems with a high cost of failure dynamic. American Water Treatment, Inc. serves over 900 customers across 5 states.

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 J. 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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