InterOcean Advisors LLC is pleased to announce the successful sale of Decker Acquisition Corp. (dba “Blessing Industries”) and Quamaco Corp., together an established metal fabricator and precision machining company in Northeast Iowa. The companies were acquired by Blessing Industries Prairieland, LLC, a subsidiary of Prairieland Holdings, Inc. (“Prairieland”).
Prairieland was recently created to acquire and integrate metal fabricators serving the aerospace, defense, healthcare, agriculture, transportation and industrial markets. The acquisition of Blessing Industries provides Prairieland with an established base in the agriculture, transportation and industrial markets.
Steve Roehrich, Prairieland’s President & CEO, stated that “Prairieland’s broad operational experience, public and private sector leadership team and deep capital commitments will enable us to readily source new business opportunities, improve production and supply chain management and better serve our core customers.”
About Blessing and Quamaco
Blessing Industries and Quamaco Corp. fabricate aluminum, stainless steel and carbon steel into custom metal equipment and components. Its skilled workforce is trained in all aspects of light, medium and heavy fabrication processes utilizing laser and plasma cutting; machining centers; turret punches; shearing; press brakes; welding; finishing and painting; and drilling and tapping. The customer base includes Blue Chip equipment and machinery manufacturers and many medium and small OEMs.
Prairieland was established by five former U.S. Navy officers – four of them retired Admirals – each with successful business careers following their military careers. They bring superior logistics and supply chain expertise, a LEAN manufacturing orientation and a focus on manpower development. They have extensive rolodexes, networks and senior relationships in Fortune 500 C-suites and Federal Government departments that have a need for fabricated products. Prairieland is backed by a boutique private equity firm that specializes in introducing LEAN manufacturing principles into its portfolio companies.
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.