Blasting Solutions Inc., a Syracuse-based controlled explosives contractor, has been acquired by Groome Industrial Services Group of Fairfield, New Jersey. Groome, a provider of specialty maintenance services across a range of industrial markets, is a portfolio company of Pennsylvania-based Argosy Private Equity.
Founded in 2002, Blasting Solutions Inc. (BSI) uses controlled explosive charges primarily to de-slag boilers that{mprestriction ids="1,3"} use coal, wood or fuel oil. In addition to its headquarters in Syracuse, the company has offices in California, Arizona, North Dakota, Florida, Montana and Georgia and operates in 20 states.
“We are excited for BSI to join the Groome Team to help support the increased demand we have experienced for our KinetiClean service for gas turbine HRSG tube cleaning over the past year,” said Jeff Bause, CEO of Groome. “Additionally, BSI’s presence on the West Coast will help add to our depth of resources and customer service in the region.”
“We are thrilled about the combination of Groome and BSI. We believe BSI’s focus on research and development, and its experienced professionals differentiate it in the niche market of the explosive industry, and will complement Groome’s continued focus on safety, efficiency and innovation.” said Keven Shanahan, a partner at Argosy Private Equity.
Financial details of the acquisition were not disclosed and integration of the two operations is underway.{/mprestriction}
