One Equity Partners (OEP), a middle market private equity firm, is to acquire the core operating assets of Muehlhan AG , a global provider of surface protection solutions catering to the marine, infrastructure and offshore wind energy industries.
Financial terms of the private transaction have not been disclosed.
Founded in 1881 and headquartered in Hamburg, Germany, Muehlhan is a broad-based Industrial Services provider specialising in wind services, surface protection, steel services, passive fire protection, scaffolding and insulation works. Muehlhan is deeply rooted in the maritime industry and over time, has successfully expanded its services portfolio tailored to the individual requirements of its core end-markets: wind energy, maritime and infrastructure. Muehlhan’s strong reputation is based on the Company’s mindset of combining unparalleled customer focus with industry leading capabilities, capacities and competences, to ensure consistent superior performance that meets even the most challenging customer demands.
The acquisition, which is expected to close by Q1 2023, is subject to approval by the general meeting of Muehlhan AG, regulatory approvals and customary closing conditions.
