One Equity Partners to acquire core operating assets of Muehlhan AG

NEW YORK and HAMBURG, Germany–(BUSINESS WIRE)–One Equity Partners (“OEP”), a middle-market private equity firm, today announced that it has signed a definitive agreement to acquire the principal operating assets of Muhlhan AG (ETR:M4N), a global provider of surface protection solutions for the marine, infrastructure and offshore wind energy industries. Financial terms of the private transaction were not disclosed.

Founded in 1881 and headquartered in Hamburg, Germany, Muehlhan is a broad-based industrial service provider specializing in wind services, surface protection, steel services, passive fire protection, scaffolding and construction insulation. Muehlhan is deeply rooted in the maritime industry and over time has successfully expanded its portfolio of services tailored to the individual needs of its main end markets: wind energy, maritime and infrastructure. Muehlhan’s strong reputation is built on the company’s mindset of combining unparalleled customer focus with industry-leading capabilities, capabilities and skills, to deliver consistent superior performance that meets customer demands the most. more demanding.

“We are confident that OEP will accelerate our growth strategy of providing industrial services to the three main sectors: wind energy, marine and infrastructure, by extending our geographic reach and broadening our service portfolio. OEP has a long track record of promoting its investments, particularly through strategic add-on acquisitions,” said Muehlhan AG CEO Stefan Müller-Arends.

“Our strategy is to rapidly grow the renewable energy, marine and infrastructure businesses through acquisitions and become an even better supplier to renewable energy OEMs, marine customers and utility suppliers. public infrastructure, while benefiting from strong underlying growth in each of the three end markets. Underlying end markets present attractive growth prospects and are supported by global efforts to decarbonize energy, U.S. infrastructure investments, and increased naval defense budgets in light of recent geopolitical complexities.” declared Philip von MeurersManaging Director at OEP

“Muehlhan has successfully expanded its service offerings beyond maritime into adjacent high growth markets such as wind power, capitalizing on the trend towards decarbonization of power generation. The combination of aging assets and new installations is expected to benefit offshore operations and the maintenance market, which is expected to grow by a double-digit CAGR between 2020 and 2025,” said Vittorio Palladino, Vice-President of the OEP. “We know the market well and believe that Muehlhan is an excellent platform to consolidate the fragmented market for coating services. We look forward to supporting the Muehlhan team in their continued success story and helping the company expand its footprint in attractive growth markets such as the US, as well as further increase the density of its core markets. , notably Germany and the Nordic countries.

The acquisition is expected to be completed by the first quarter of 2023 and is subject to the approval of Muehlhan AG’s general meeting, regulatory approvals and customary closing conditions.

About Muehlhan AG

Muehlhan AG is a listed company listed on the open market of the Frankfurt Stock Exchange (ISIN: DE000A0KD0F7 / WKN A0KD0F). The Muehlhan Group offers its customers a wide range of industrial services: wind services, surface protection, steel services, passive fire protection, scaffolding and insulation work. Muehlhan combines strong organizational skills and technical expertise, 140 years of experience and rigorous quality standards into cost-effective industrial service offerings that meet the highest quality demands of its customers.

For more information, please visit: www.muehlhan.com

About One Equity Partners

One Equity Partners (“OEP”) is a middle-market private equity firm focused on the industrials, healthcare and technology sectors in North America and Europe. The firm seeks to create market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and experienced team, and an established track record generating long-term value for its partners. Since 2001, the company has completed more than 300 transactions worldwide. OEP, founded in 2001, spun off from JP Morgan in 2015. The company has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.