M&A Deal Summary

Kemira Acquires Water Engineering

On September 16, 2025, Kemira acquired business services company Water Engineering from Nolan Capital for 150M USD

Acquisition Highlights
  • This is Kemira’s 1st transaction in the Business Services sector.
  • This is Kemira’s 5th largest (disclosed) transaction.
  • This is Kemira’s 5th transaction in the United States.
  • This is Kemira’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2025-09-16
Target Water Engineering
Sector Business Services
Buyer(s) Kemira
Sellers(s) Nolan Capital
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Water Engineering

Mead, Nebraska, United States
Water Engineering is a provider of industrial water treatment solutions and products, technical consultation, and services for a wide variety of end-market applications. The company serves over 2,000 customers across 24 states. Water Engineering was formed in 1994 and is based in Mead, Nebraska.

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Buyer(S) 1

Buyer

Kemira

Helsinki, Finland

Category Company
Founded 1920
Sector Chemicals
Employees4,851
Revenue 2.9B EUR (2024)
DESCRIPTION

Kemira is a provider of sustainable chemical solutions for water-intensive industries, delivering tailored products and services to improve the product quality, processes, and resource efficiency of our diverse range of customers. Kemira was founded in 1920 and is based in Helsinki, Finland.


DEAL STATS #
Overall 20 of 20
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 12
State: Nebraska M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Kemira - Colorants & Dye Business

Helsinki, Finland

Kemira Colorants & Dye Business provides basic and direct dyes, organic pigments, and special colorants which are used in numerous paper and packaging applications such as tissue, cardboard, newspaper and high-end packaging solutions for jewelry, cosmetics, and food stuffs.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

Nolan Capital is a family-backed investment firm that seeks to originate, execute and manage private equity, real estate and other investments on behalf of the Peter J. Nolan family. Peter Nolan is a former managing partner of Leonard Green. Nolan Capital's private's equity group looks to make control equity investments in profitable ($5 to $50 million of EBITDA) US-based companies operating in the consumer products and services, retail and restaurants, manufacturing, distribution, industrial products, business services and healthcare sectors. Nolan Capital was established in 2014 and is headquartered in Hermosa Beach, California.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Nebraska M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Fresh Brothers

Los Angeles, California, United States

Fresh Brothers is a pizza concept operating through a delivery, take-out, or dine-in format. Fresh Brothers focuses on offering fresh, high-quality ingredients for a better-tasting, better-for-you product. Fresh Brothers was founded in 2008 and is based in Los Angeles, California.

Sell -