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

• Water Engineering and Nolan Capital are excited to continue their momentum in building a quality water treatment platform of scale

GARDENA, Calif.--(BUSINESS WIRE)--Chem Pro Laboratory, 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. Chem Pro was founded by the Snyder family and has been family-owned and operated since 1964. Headquartered in Gardena, California, Chem Pro will join the Water Engineering platform and compliment WEI’s expanded footprint in water treatment solutions across 24 states.

David Wagenfuhr, the CEO of Water Engineering, will work with the WEI team to integrate Chem Pro into the platform while maintaining its legacy brand and expanding on its compelling 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 Chem Pro and continue scaling WEI,” said David Wagenfuhr, CEO of Water Engineering. “Keith Johnson and the Snyder family have built an impressive operation focused on providing strong customer service, which is consistent with our approach at WEI. Our aim is to acquire strategic partners who share our customer-focused model, and we are confident we have found that in Chem Pro. We look forward to working with their employees to grow the business by expanding on the strong operations Keith and his team have created while providing them with incremental resources as part of the WEI platform. This acquisition also continues to reaffirm our exciting consolidation strategy with a partner in Nolan Capital 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 approximately 4,000 customers. Through nine acquisitions, WEI has expanded from a single-state footprint based in Nebraska to providing water treatment solutions across 24 states.

About Chem Pro Laboratory, Inc.

Chem Pro Laboratory, Inc. was founded in 1964 and is a leading provider of water treatment equipment, chemicals, consultation, and preventative maintenance services across an industrial, commercial, and institutional customer base. Chem Pro’s field technicians service complex cooling tower and boiler systems with a high cost of failure dynamic. Chem Pro serves over 1,000 customers across the state of California.

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.