MCF advises Muehlhan AG on the divestment of Gerüstbau Muehlhan GmbH to BrandSafway
Muehlhan AG (“Muehlhan”), a leading worldwide provider of surface protection and industrial services, has divested its German scaffolding subsidiary Gerüstbau Muehlhan GmbH (“Gerüstbau Muehlhan”) to BrandSafway (“Brand”). The transaction enables Muehlhan to further expand its leading market position in core segments. Cross-border M&A expert MCF advised Muehlhan and helped facilitate the transaction through its proven ability to execute competitive transactions for the benefit of the divesting shareholders.
The Deal
Gerüstbau Muehlhan has been established for more than 45 years as a leading specialist for advanced scaffolding solutions. Their proven expertise and high service orientation, together with an immaculate safety reputation, will further strengthen Brand’s market position in Germany. Gerüstbau Muehlhan will benefit from the global capabilities and resources that BrandSafway can offer. The acquisition is expected to take effect in the second half of 2021, subject to the necessary regulatory approvals.
The Target
Gerüstbau Muehlhan is a full service scaffolding provider, offering design, installation and dismantling of scaffolds for customers in various industries. Headquartered in Hamburg, Northern Germany, and with two locations in Bremerhaven and Brunsbüttel, the company has a very well established customer base in the commercial, shipbuilding and renewable energy sector. With more than 100 employees, Gerüstbau Muehlhan offers unique scaffolding quality combined with an unparalleled work ethic.
Client Statement
Stefan Müller-Arends, the CEO of Muehlhan AG, said: “The divestment of Gerüstbau Muehlhan is an important milestone of our strategy and enables us to further expand our market position in Muehlhan Group’s core activities and markets. MCF Corporate Finance has provided us with excellent and extremely valuable support throughout the entire process. In the many M&A transactions that I was involved in during my professional life I have very rarely seen such high level and quality of advice.”
About Muehlhan AG
Muehlhan is a leading provider of surface protection and industrial services with 30 subsidiaries throughout Europe, Middle East, Asia and North America. With more than 2,100 employees at over 40 locations, Muehlhan can meet all customer needs and technical challenges in surface protection, steel construction, insulation, specialty access as well as passive fire protection.
About BrandSafway
With a commitment to safety as its foremost value, BrandSafway provides the broadest range of solutions with the greatest depth of expertise to the industrial, commercial and infrastructure markets. Through a network of 340 strategic locations and more than 38,000 employees, BrandSafway delivers a full range of forming, shoring, scaffolding, work access and industrial service solutions
