Farwest Corrosion Control Company announces strategic investment
Published by Sara Simper,
Editorial Assistant
World Pipelines,
Farwest Corrosion Control Company, a leading provider of cathodic protection and corrosion control products, installation and engineering services worldwide, has announced that it has accepted a strategic investment from IMB partners. IMB Partners is a growth capital investment firm that works with businesses that support the electric and gas utility sector.
Farwest Corrosion is an industry pioneer and leader in cathodic protection and corrosion control services for industries that maintain underground and underwater infrastructure, storage systems or other submerged metallic structures. “We accepted this investment to further strengthen and expand our business going forward and are excited about the partnership,” commented Troy Rankin, President.
IMB Partners (IMB) is a leading middle-market private equity firm specialising in utility, industrial, and government contracting services. “IMB and Farwest share the values of family-owned businesses, and we see tremendous opportunities to build on the growth that the company has achieved,” said Tarrus Richardson, Founder and CEO of IMB Partners.
Customers and suppliers have been advised about the partnership and exciting advancement. “This is about business continuity and opportunity for growth. As such, the Farwest management team and employees will continue with the company as we work to execute our plans for continued growth,” Mr. Rankin said.
Farwest Corrosion recently completed major projects in Alaska and South California, and continues to work with customers to address their corrosion control needs with custom solutions. The firm also develops unique products like the DCPro Power Supply, Ref-Check VPR and the AC-10 Portable AC Current Density Coupon/Probe to address customer challenges.
Read the article online at: https://www.worldpipelines.com/business-news/02112022/farwest-corrosion-control-company-announces-strategic-investment/
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