Watkins-Johnson Co., a Bay Area defense electronics firm that is seeking to diversify, said Monday that it had acquired Santa Ana-based R.L. Stollar & Associates, an environmental consulting firm specializing in ground-water contamination problems.
R.L. Stollar, founded in 1983 by ground-water scientist Robert L. Stollar, rode the recent wave of concern about the environment to attain annual sales of about $15 million before its acquisition.
The sale price was not disclosed, but sources estimated that it was about $8 million to $9 million.
Watkins-Johnson will retain R.L. Stollar's management and expects to make few changes in the Santa Ana company's operations, said Stephen B. Witmer, a Watkins-Johnson spokesman. R.L. Stollar employs about 50 people, divided evenly between offices in Santa Ana and Denver.
Witmer said that although Watkins-Johnson has no experience in environmental services, it does have a track record as a government contractor, and much of R.L. Stollar's work has involved cleaning up waste sites at military installations and other government locations.