One Equity Partners, a middle-market private equity firm, has acquired Muehlhan AG, a provider of surface protection services in the marine, infrastructure and offshore wind energy industries.

Muehlhan is based in Hamburg, Germany and is an industrial services provider focused on wind services, surface protection, steel services, passive fire protection, scaffolding and insulation. The deal is expected to close in the first quarter of 2023.

“Our strategy is to quickly scale the renewables, marine and infrastructure businesses through acquisitions and become an even better provider to renewables OEMs, marine clients and public infrastructure providers, while benefitting from the strong underlying growth in each of the three end-markets,” comments Philipp von Meurers, managing director at OEP. “The underlying end-markets exhibit attractive growth prospects and are backed by global efforts to decarbonize energy, U.S. infrastructure investments and increasing naval defense budgets in light of the recent geopolitical complexities.”