Nolan Capital, Inc. (“Nolan Capital” or “Nolan”) Announces an Agreement to Sell Its Portfolio Company Water Engineering Inc. (“WEI”) to Kemira Oyj (“Kemira”)

Core Insights - Nolan Capital, a family office focused on middle-market investments, has agreed to sell its portfolio company Water Engineering to Kemira, a leader in sustainable chemical solutions for water-intensive industries [1] - The transaction is anticipated to close before the end of 2025, pending regulatory approvals and customary closing conditions [1] Company Overview - Nolan Capital is based in Hermosa Beach, California, and specializes in investing in leading middle-market companies [1] - Kemira, headquartered in Helsinki, Finland, is recognized for its sustainable chemical solutions aimed at water-intensive industries [1] Transaction Details - The sale of Water Engineering to Kemira marks a strategic move for both companies, aligning with Kemira's focus on sustainability [1] - The completion of the transaction is subject to regulatory approvals, indicating a standard process for such deals in the industry [1]