Interoceanic Corp. (IOC), White Springs, N.Y., has announced the launch of EM2 Enterprises LLC, an affiliate of IOC established in White Springs as an investment platform with a focus on small and mid-sized companies in the fertilizer, chemical, lawn & garden, midstream, and transportation asset industries.
“We believe there is a shortage of options for private and family-owned businesses as they look to raise capital, sell their business, transition a company to future generations, or engage in investment opportunities and asset acquisition,” IOC said in a statement. “Not only can EM2 provide capital, but we can also provide infrastructure and knowledge to help businesses scale.”
IOC said it believes many owners who are exploring transactions are looking for an alternative to Private Equity and large investment banks to protect their family’s interests and employees. The company said its knowledge, experience, and track record as a private, family-owned business gives it a better understanding of the needs of private businesses.
“By partnering with EM2 we can provide back-office services, such as accounting, ERP platforms, HR, compliance, and other needs of small private businesses that take many years to build,” the company said. “Working with EM2 can provide immediate infrastructure and working capital to allow businesses to scale and focus on commercial priorities.”
IOC’s family of companies includes PCI Nitrogen, Pasadena, Texas, one of the largest global producers of bulk, synthetic grade granular ammonium sulfate; Chimico Logistics LLC, which owns an ammonia barge, a sulfuric acid barge, and a tanker barge dedicated to PCI and other clients in the Texas Gulf Coast region; Chimico Rail LLC, an owner of more than 450 fertilizer, sulfuric acid, and molten sulfur tank cars; and Spring Valley USA, which operates fertilizer mixing, screening, and bagging facilities in Jackson, Wisc., and Fostoria, Ohio.