Apollo Technologies announces acquisition by Nolan Capital

Sept. 30, 2021
Apollo Technologies will anchor an acquisition strategy in the boiler water and cooling tower treatment industry

Nolan Capital recently announced 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.

Ricks said, “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.”

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