Deal Details

Kaltroco and Five V Complete Joint Investment in BlastOne

Industrial

Kaltroco and Five V joint investment in BlastOne

Summary

Kaltroco U.S. Advisory, Inc. (“Kaltroco”) and Five V Capital (“Five V”) recently announced their joint investment in BlastOne International (“BlastOne” or the “Company”). The terms of the transaction were not disclosed.

Baird served as financial and debt advisor to Kaltroco and Five V on this transaction.

About

Kaltroco is a private investment firm that partners with founders and management teams to pursue ambitious growth objectives. As a family-backed investment company with no outside investors and no restrictions on structure or hold period, Kaltroco has the flexibility to invest on the timeline that best fits its portfolio companies' needs and its partner management teams' objectives. Since its founding, Kaltroco has invested in over 30 companies globally, with a focus on the business services, healthcare services, and consumer industries. Kaltroco has investment professionals in Nashville, Zurich and Cape Town and is headquartered in Jersey, Channel Islands.

Five V, a certified B Corporation, is a leading Australia & New Zealand-based private equity and venture capital firm with over $3 billion in funds under management. Five V focuses on partnering with founders and management teams to invest in market-leading, innovative businesses with distinctive capabilities, proven growth and clear leadership in their niche. Five V's diverse portfolio spans the financial services, technology, industrials, healthcare, business services and consumer sectors. Five V is headquartered in Darlinghurst, Australia.

BlastOne is the leading solutions provider to the blasting and surface preparation industry. The Company was founded in Australia in the 1970's and organically entered the United States in 2010. Its consultative, solutions-based go-to-market strategy paired with premium products offers a difficult-to-replicate value proposition and one-stop shop for all blasting and coating needs, leading to high net revenue retention and consistent cross-sell across product categories. With a deeply experienced team of engineers, BlastOne is at the forefront of innovation, providing state-of-the-art solutions to a diverse, well-established customer base in infrastructure, defense and marine end markets, among others. BlastOne is headquartered in Columbus, Ohio.