Dial Partners is pleased to announce that it advised Bard Capital on its sale of Blastrac to Husqvarna Group. Blastrac is a leading international manufacturer and distributor of industrial equipment for surface preparation. Husqvarna is a Sweden-based industrial group with a market capitalization of $6.2bn. Blastrac will be combined with its Construction Division. 

About Blastrac 

Blastrac is the world leading manufacturer and distributor of surface preparation technologies for the global construction and remediation industry. The product portfolio includes high-quality and efficient solutions for shot blasting, scarifying, scraping, grinding & polishing and dust collection. Its equipment and systems are designed for surface preparation of asphalt roads, runways, concrete, steel, brick, stone and other substrates in industrial, commercial and residential settings. 

Blastrac’s annual sales are approximately $70m. The company has 380 employees globally with manufacturing and sales offices in North America, Europe and Asia with sales in more than 80 countries. 

Since 2005, Blastrac has been wholly owned by Bard Capital, a private equity group based in Denver, Colorado. Dial Partners is acting as exclusive financial advisor to Bard Capital. 

About Husqvarna Group 

Husqvarna Group is a global leading producer of outdoor power products and innovative solutions for forest, park, and garden care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. 

Its Construction Division develops, manufactures and sells light construction equipment, diamond tools for concrete sawing and drilling, concrete surfaces and floors and light remote demolition. 

Husqvarna has global sales of SEK 43bn ($5.0bn) and a market capitalization of SEK 53bn ($6.2bn)

Henric Andersson, President & CEO of Husqvarna Group, said: “The acquisition of Blastrac strengthens and complements our organic growth ambitions, as we are further expanding into complementary surface preparation solutions. This will enable us to provide customers with a complete range of solutions for any given surface preparation task.” 

For further information, contact: 

Angus Russell 

Partner, Dial Partners LLP 

Tel: +44 207 098 7098