Water Engineering Inc. (“WEI”), a Portfolio Company of Nolan Capital, Announces the Acquisition of Delta Chemical Corp. (“Delta”), a Leading Provider of Water Treatment Services, Chemicals, and Consultation for a Variety of End Market Applications

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

Delta Chemical Corp., based in Jefferson, LA, has been acquired by Water Engineering. Delta will join the Water Engineering platform and compliment WEI’s expanded footprint in water treatment solutions across 34 states. Owners Ross Heidingsfelder and Lee Mauberret are remaining with Delta 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.

“Ross and Lee run a first-class operation at Delta, and we are excited to partner with them and take Delta to the next phase of growth,” said David Wagenfuhr, CEO of Water Engineering. “They have 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 Delta. We look forward to working with their employees to grow the business by expanding on the operations Ross, Lee and their team have created while 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.

Website: https://www.h2oeng.com/

About Delta Chemical Corp.

Delta Chemical Corp. is a leading provider of water treatment equipment, chemicals, consultation, and preventative maintenance services across an industrial, commercial, and institutional customer base. Delta’s employees service complex cooling tower and boiler systems with a high cost of failure dynamic. Delta serves commercial, industrial, and institutional customers across the states of Louisiana, Texas, and Mississippi.

Website: https://www.deltachemicalcorp.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.

Website: http://www.nolancap.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230523005493/en/