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”). InterOcean acted as the exclusive financial advisor to the shareholders of Blessing Industries and Quamaco Corp.
Blessing Industries and Quamaco Corp. produce light, medium and heavy fabrications utilizing laser and plasma cutting; machining centers; turret punches; shearing; press brakes; welding; finishing and painting; and drilling and tapping. Their customer base includes Blue Chip equipment and machinery manufacturers and many medium and small OEMs.
Prairieland was recently created by five former U.S. Navy officers to build a dynamic, nationwide organization of 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. Prairieland is backed by a boutique private equity firm that specializes in introducing LEAN manufacturing principles into its portfolio companies.