Nolan Capital acquires Apollo Technologies

Nolan Capital has acquired Apollo Technologies Inc, a Southern California-based water treatment service contractor.

Nolan Capital has acquired Apollo Technologies Inc, a Southern California-based water treatment service contractor. No financial terms were disclosed.

PRESS RELEASE

PARAMOUNT, Calif.–(BUSINESS WIRE)–Nolan Capital announces the acquisition of Apollo Technologies Inc., the leading Southern California-based water treatment service contractor providing preventative maintenance offerings specializing in the water related care of cooling towers and boiler systems. Apollo’s water treatment programs service industrial and commercial facilities, primarily in the food-processing and cold storage end markets. Founder Bob Ricks has been CEO and co-owner of the business since its creation in 1989 and will assist the company with its acquisition strategy.

Founder Bob Ricks of Apollo Technologies stated, “I was adamant in finding the right buyer, and I am confident that Apollo Technologies is in very capable hands. We believe Nolan Capital is the partner that can help not only to continue to grow the business but also maintain our philosophy of providing superior customer service. Apollo Technologies succeeds because of its service-first mentality, and I have no doubt the Nolan team will continue to emphasize this winning strategy. I look forward to following their success.”

“We are excited with the opportunity to invest in Apollo Technologies,” said Peter Nolan, Chairman of Nolan Capital. “Bob has 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 quality and customer focus philosophy. We look forward to working with the Apollo employees to grow the business by expanding on the best-in-class business model Bob and his wife LeAnn have created.”

About Apollo Technologies, Inc.
Apollo Technologies, Inc., is the leading water treatment service contractor in Southern California providing preventative maintenance offerings. Apollo’s field technicians service highly-technical cooling tower and boiler systems with a high cost of failure dynamic. The company has a broad value proposition in that it prevents expensive equipment failures, mitigates costly microbiological liabilities, achieves important environmental considerations (minimizes water, energy and chemical usage), and allows clients to focus on core competencies by outsourcing preventative maintenance services with engaged technicians. Founded in 1989 by Bob Ricks, Apollo performs its services across both California and Nevada.

About Nolan Capital, Inc.

Nolan Capital is the family office for Peter Nolan. Peter has over 39 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 partners with leading middle-market companies. Led by Peter J. Nolan, Nolan Capital executes and manages private equity, real estate and other investments on behalf of the Nolan family.