Key Takeaways
- • Muehlhan Industrial Services, a One Equity Partners portfolio company, acquired Blast All, a Connecticut-based infrastructure contractor specializing in bridge rehabilitation, industrial blasting, painting, and steel repair across New England.
- • The acquisition expands Muehlhan's regional footprint in the Northeast, building on its November 2024 entry into New England through the acquisition of Tri-State Painting, a New Hampshire-based field metalizing specialist.
- • Blast All, founded in 1988 by President Stephen Bogan, holds Steel Structures Painting Council QP1, QP2, and QP6 certifications and has served as both prime and subcontractor for Connecticut and Rhode Island departments of transportation.
- • Managing Director Todd Davenport will continue leading Blast All post-acquisition, providing operational continuity for the combined entity.
- • The deal strengthens Muehlhan's core North American infrastructure services and regional capabilities in a consolidation-focused industrial services market.
Summary
One Equity Partners' portfolio company Muehlhan Industrial Services has acquired Blast All, a Connecticut-based infrastructure contractor with deep expertise in bridge rehabilitation, industrial blasting, painting, field metalizing, and steel repair. Founded in 1988 by President Stephen Bogan, Blast All operates across Connecticut, Massachusetts, and Rhode Island, serving major regional clients including state departments of transportation in Connecticut and Rhode Island. The company maintains Steel Structures Painting Council certifications at the QP1, QP2, and QP6 levels, positioning it for specialized infrastructure work requiring elevated quality standards.
The acquisition marks the second major Northeast expansion for Muehlhan within eight months. In November 2024, Muehlhan entered the New England market through its acquisition of Tri-State Painting, a New Hampshire-based field metalizing specialist. Together, these transactions signal One Equity Partners' strategic focus on consolidating fragmented industrial services businesses in the Northeast, building regional scale and complementary service capabilities.
Roy Troen Nedal, Muehlhan's chief M&A officer, stated that the Blast All acquisition strengthens the company's core North American business and regional service offering. Managing Director Todd Davenport will remain with Blast All, preserving operational leadership and client relationships. One Equity Partners is a middle-market private equity firm focused on industrial, healthcare, and technology investments across North America and Europe.
The acquisition marks the second major Northeast expansion for Muehlhan within eight months. In November 2024, Muehlhan entered the New England market through its acquisition of Tri-State Painting, a New Hampshire-based field metalizing specialist. Together, these transactions signal One Equity Partners' strategic focus on consolidating fragmented industrial services businesses in the Northeast, building regional scale and complementary service capabilities.
Roy Troen Nedal, Muehlhan's chief M&A officer, stated that the Blast All acquisition strengthens the company's core North American business and regional service offering. Managing Director Todd Davenport will remain with Blast All, preserving operational leadership and client relationships. One Equity Partners is a middle-market private equity firm focused on industrial, healthcare, and technology investments across North America and Europe.
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