M&A Deal Summary

Groome Industrial Service Group Acquires Blasting Solutions

On March 28, 2023, Groome Industrial Service Group acquired business services company Blasting Solutions

Acquisition Highlights
  • This is Groome Industrial Service Group’s 3rd transaction in the Business Services sector.
  • This is Groome Industrial Service Group’s 3rd transaction in the United States.
  • This is Groome Industrial Service Group’s 1st transaction in Utah.

M&A Deal Summary
Date 2023-03-28
Target Blasting Solutions
Sector Business Services
Buyer(s) Groome Industrial Service Group
Deal Type Add-on Acquisition

Target

Blasting Solutions

Syracuse, Utah, United States
Blasting Solutions utilizes controlled explosives primarily to deslag boilers using coal, wood, or fuel oil. BSI supervisors are committed to providing well-trained and well-equipped explosives professionals with a focus on safety. Blasting Solutions was founded in 2002 and is based in Syracuse, Utah.

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Buyer(S) 1

Buyer

Groome Industrial Service Group

Denville, New Jersey, United States
Category Company
Founded 1969
Sector Business Services
DESCRIPTION

Groome Industrial Service Group is a provider of industrial cleaning and maintenance services to customers in the natural gas-fired power generation, refinery, manufacturing, construction, marine, and aviation industries. Groome Industrial Service Group was founded in 1969 and is based in Denville, New Jersey.

DEAL STATS #
Overall 3 of 4
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Utah) 1 of 1
Country (United States) 3 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Expro Services

Wurtland, Kentucky, United States

Expro Services is a coalition of industrial cleaning service companies strategically located in three regions of the United States able to service its customers nationwide. Expro Services was founded in 1995 and is based in Wurtland, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 W-S Industrial Services

Council Bluffs, Iowa, United States

W-S operates industrial and mechanical services companies. W-S comprises eight entities and has offices throughout the Midwest and Gulf Coast, serving a diverse client base, including power, food and beverage, refining, utilities, chemical, manufacturing, pulp and paper, municipal, upstream, and downstream. W-S was founded in 1993 and is based in Council Bluffs, Iowa.

Buy -
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