NEW YORK, NY / ACCESS Newswire / June 9, 2025 / Novastone Capital Advisors (NCA) is proud to announce the next acquisition in the United States by NCA Searcher Bill Rees, as part of our Operator-Led Search Fund Program.
CRONUS TECHNOLOGY INC. POWERFUL PIPELINE SOLUTIONS FOR EXTREME APPLICATIONS
Bill Rees joined NCA's Operator-Led Search Fund Program with over 30 years of industry- leading experience in energy and utility pipeline products and services. Bill's search fund launched in August 2024, centered around energy and utility companies located within the US South-Central Corridor. Today, NCA is proud to announce Bill's successful acquisition of Cronus Technology, Inc. (CTI), a Houston, Texas-based pipeline design company that specializes in highly technical engineering services for extreme applications.
"I was drawn to CTI immediately because they are hungry, humble, and smart," said Bill. "They're hungry because they operate a relentless consulting model and have a very focused mindset on the commercial side of that. They're humble because, as true engineering consultants, they see a successful project as one where their customers look great, and they work behind the scenes to make that happen without ego. And they're smart because they have very deep engineering knowledge for extremely specialized pipeline scenarios involving either a sensitive product or a sensitive environment, or both."
Founded in 2004, CTI specializes in navigating pipeline engineering issues in the most demanding environments, particularly sub-sea or in regions with zero tolerance for failure. The company had been facing a succession challenge, and the former owner, Mr. Eric Romero, had been determined to find the right legacy for his people moving forward, making Bill's bold vision and vast industry expertise a perfect fit for the next generation of leadership.
Bill cited NCA's support as instrumental throughout the search and acquisition process. "From the start, I felt that every single NCA member was invested in me and my success," he said. "NCA's Operator-Led Search Fund Program allowed me to focus on doing what I enjoy. They trusted that I have domain expertise, and they provided everything else, so their support was invaluable. If I were to ever do this again, I would absolutely do it again with NCA."
Bill wishes to extend a special thanks to Mr. Romero, who remained consistent throughout negotiations and was determined to ensure that the deal went ahead, along with the full CTI team for being open-minded to the prospect of change and new leadership. Bill also wishes to thank NCA for their crucial support, including: Jacob Yocum from the NCA Investment Team, who has been a business partner in every sense of the word; Maxim Evenko from NCA's DDO Team; Kayla Harris from NCA Legal; and Christopher Meier and Stephanie Maas from NCA Investor Relations for going the extra mile to finalize this transaction. On behalf of all investors, Bill and NCA would also like to thank the advisors at Smith Hulsey Busey for their legal support and UHY Advisors for their financial guidance.
"The entire team at NCA would like to congratulate Bill on this successful closing, which exemplifies NCA's mission by also solving a succession challenge for a highly specialized company," said Christian Malek, NCA's CEO. "NCA's Program is designed to maintain existing business legacies and ensure continuity with top-tier, next generation leadership from our searchers. We look forward to continuing to support Bill and CTI as the company continues to grow under his leadership."
About Novastone Capital Advisors
Novastone Capital Advisors (NCA) is a global firm tackling SME succession challenges through our Operator-Led Search Fund Program. We empower mid-career professionals to identify, acquire, and grow established Small to Medium-Sized Enterprises (SMEs) facing succession transitions. By pairing experienced operators with SME owners facing succession challenges and connecting them with our NCA investor network to raise acquisition capital, we ensure smooth business continuity, sustainable growth, and successful leadership transitions.
About Cronus Technology Inc.
Founded in 2004, Cronus Technology, Inc. (CTI) is a leading engineering services provider specializing in the complete lifecycle of onshore and offshore pipeline and subsea development projects for the energy industry. The company delivers comprehensive solutions from conceptual design through commissioning, including engineering design, project management, construction management, and inspection services with a focus on safety, environmental responsibility, and regulatory compliance. CTI's team of engineering and consulting specialists has built an exceptional reputation for high-quality, on-time project delivery that consistently exceeds client expectations worldwide.
For more information about Bill Rees please visit: https://www.linkedin.com/in/bill-rees For more information about Cronus Technology please visit: www.cronustec.com
For more information about NCA please visit: www.novastone-ca.com
For further information please contact:
Novastone Capital Advisors
Krishan Arora
Krishan.Arora@novastone-ca.com
https://novastone-ca.com/
SOURCE: Novastone Capital Advisors
View the original press release on ACCESS Newswire
