InterOcean Advises on Acquisition of Control Valve Manufacturer

- Flow Control, Transactions

InterOcean Advisors LLC is pleased to announce the successful acquisition of OCV Control Valves, LLC, AMS Machining Specialists, LLC, and Precision Coatings, LLC (collectively known as “OCV” or “OCV Control Valves”) by OCV Fluid Solutions LLC, a US subsidiary of Israel-based Dorot Control Valves and, ultimately, Spanish company MAT Investment Holding, S.L. (“MAT Holding”), a multinational industrial group devoted to investments in crop protection, irrigation efficiency and water treatment and handling. InterOcean worked alongside fellow Terra Alliance member Sabadell Corporate Finance as the exclusive financial advisors to MAT Holding.

Founded more than 50 years ago in Tulsa, Oklahoma, OCV is a market leader in designing and producing hydraulically-operated, diaphragm-actuated, automatic control valves for sale in North America, Europe and Asia. OCV’s high quality control valves are used in a range of precision fluid handling and control system applications, including aviation fueling, waterworks, fire protection, mining, commercial plumbing and energy-related terminal services.

“With the acquisition of OCV, MAT Holding gains an important foothold in the US market, as well as strong synergies with its core businesses—especially its Dorot Control Valves subsidiary in Israel,” stated Nick Newlin, a Managing Director at InterOcean. “Furthermore, with the addition of OCV’s product lines and experienced and talented management team, MAT Holdings will be well positioned to drive growth in its control valves businesses on a global basis.”

About MAT Investment Holding
MAT Holding is a multinational industrial group with more than 80 years of history investing in leading companies in the areas of crop protection, irrigation efficiency and water treatment and handling. The group develops solutions that contribute to the production of healthy, safe and affordable food products, as well as to the sustainable use of water in agricultural and industrial activities. MAT Holding, through its subsidiaries, operates in more than 100 countries and is the world’s leading producer of copper salts for agriculture and valves for water control and is the market leader in the Spanish and Portuguese drip irrigation markets.

About OCV Control Valves
Located in Tulsa, Oklahoma, OCV Control Valves is a market leader in designing and producing hydraulically-operated, diaphragm-actuated, automatic control valves. With 50,000 sq. ft. of integrated manufacturing space, OCV offers in-house machining and coating services which enable the company to produce high-quality valve products for sale in North America, Asia and Europe.

About Sabadell Corporate Finance
Sabadell Corporate Finance is the mergers and acquisitions advisory unit of the Banco Sabadell Group, Spain’s fourth largest private banking group.

About InterOcean Advisors LLC
InterOcean Advisors LLC is a Chicago-based investment bank that provides mergers and acquisitions and capital raising advisory services to manufacturing and business services companies. For more information, please visit www.ioadvisors.com.