InterOcean Advisors LLC (“InterOcean”) announced today that Lanworth, Inc. (“Lanworth”), a subsidiary of The Westervelt Company, has been acquired by Thomson Reuters, a publicly traded company focused on providing intelligent information for businesses and professionals in the financial, legal, tax and accounting, healthcare, science and media markets. InterOcean served as the exclusive financial advisor to The Westervelt Company on the sale of Lanworth.
Lanworth provides independent intelligence on global food, feed, fuel and fiber supplies by combining daily satellite feeds, ground observations and biophysical models. Its reports on crop planting and production mitigate market risk and improve supply chain operations. Lanworth has been in business for nearly 12 years and is located in Chicago, IL.
“We are very excited about joining Thomson Reuters, which will propel Lanworth into new markets and facilitate the development of new products and services,” said Nick Kouchoukos, former president of Lanworth and incoming Global Head of Agricultural and Forestry Research for Thomson Reuters.
“By providing high quality intelligence with respect to crop production and renewable energy sources, Lanworth offers its customers important insight, supporting their trading and hedging decisions. Moreover, its business platform is capable of expanding globally and providing insight to developments in all major agriculture markets,” stated Bill Doepke, a Managing Director at InterOcean. “Given Lanworth’s proprietary capabilities and emphasis on crop and renewable energy resources, I believe it is a perfect fit for Thomson Reuters as the Company deepens its specialist content and tools for the commodities market.”
InterOcean Advisors is a Chicago-based investment bank that provides mergers and acquisitions and capital raising advisory services to manufacturing and distribution/business services companies. For more information, please visit www.ioadvisors.com.