Farwest Corrosion Control Company secures investment from IMB Partners

Taureau Group served as sell-side financial advisor on the transaction.

  • IMB Partners’ investment in Farwest follows its recent strategic investment in Carr & Duff, a provider of specialty electrical construction solutions
  • IMB targets lower middle market companies serving government agencies and electric and gas utilities
  • Farwest was established in 1956

IMB Partners has made an investment in Farwest Corrosion Control Company, a California-based cathodic protection and corrosion control services. No financial terms were disclosed.

“Farwest’s ability to maintain relationships through not only decades but generations of customers is a credit to their excellence,” said Tarrus Richardson, founder and CEO of IMB Partners, in a statement. “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.”

IMB Partners’ investment in Farwest follows its recent strategic investment in Carr & Duff, a provider of specialty electrical construction solutions.

Stonehenge Capital Company provided a uni-tranche capital solution through its SBIC fund. Citrin Cooperman provided accounting services, and Taureau Group operated as the exclusive sell-side financial advisor.

Founded in 2010, IMB targets lower middle market companies serving government agencies and electric and gas utilities.

Farwest was established in 1956.