JERSEY, Channel Islands, Aug. 26, 2025 /PRNewswire/ -- Kaltroco and Five V Capital are pleased to announce their joint investment in BlastOne, a global leader in surface preparation solutions.

BlastOne, propelled by its unmatched technical capabilities and proprietary technology, provides mission-critical support and solutions to global infrastructure and defense end markets experiencing growing, long-term demand. With the backing of Kaltroco and Five V, BlastOne will further expand its international footprint, invest in product development, and enhance customer offerings, while maintaining its core mission and culture.

"The team at BlastOne could not be more excited about our partnership with Five V and Kaltroco," said Matthew Rowland, CEO at BlastOne. "As a family-owned business for more than 50 years, finding partners who could both honor our Company's distinctive legacy and culture and help us attack the many exciting growth opportunities ahead was the perfect fit."

Kaltroco and Five V formed a partnership to invest in BlastOne based upon their shared heritage, closely aligned investment philosophies, and complementary geographic footprints. Together, the two firms are uniquely positioned to support a business with increasingly global operations and significant growth ambitions. 

"BlastOne's long-standing reputation for quality, innovation and service excellence made the company an ideal partner for us," said Rhett McCraw, Managing Director at Kaltroco. "We and Five V are excited to partner with BlastOne's talented leadership team and founding shareholders to help accelerate innovation and expand globally."

Angus Whitehead, Managing Director at Five V Capital, added, "Our investment in BlastOne aligns perfectly with our approach toward partnering with high-caliber management teams to build market-leading, internationally competitive businesses. Together, we'll provide the strategic and financial support needed to unlock the next chapter of BlastOne's growth."

DLA Piper served as legal advisor and RW Baird served as financial advisor to Kaltroco and Five V.

About Kaltroco

Kaltroco is a private investment company with headquarters in Jersey, Channel Islands and investment professionals in Nashville, Zurich, and Cape Town. Kaltroco 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.

About Five V Capital

Five V Capital, 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.

About BlastOne

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.

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SOURCE Kaltroco