Ocean Park Advises CIE on Acquisition of Elkhorn Valley Ethanol Plant
Acquisition of Norfolk, Nebraska ethanol plant from Louis Dreyfus Company enhances Ocean Park’s position as a leading renewables, food and agribusiness advisor
November 1, 2022 – CIE recently announced that it acquired the assets of Elkhorn Valley Ethanol (“EVE”) from Louis Dreyfus Company, a global agricultural commodities firm. Financial terms of the transaction were not disclosed.
Ocean Park acted as exclusive financial advisor to CIE on the transaction.
“Ocean Park played an instrumental role in identifying EVE as our ideal target to expand capacity and geographic reach. EVE is well run and essentially a sister facility to CIE’s Marion operations that provides a strategic location and logistical advantages that complement CIE’s existing footprint,” said Ryan Drook, CIE president and chief executive officer. “Ocean Park’s expertise in M&A transactions, industry knowledge and deep relationships added tremendous value to this successful transaction.”
Commencing operations in 2006, EVE is a premier ICM designed, Fagen constructed dry mill ethanol facility located in the western corn belt. The plant is known for its efficient operations, superior logistics, and history of strong production.
“We are extremely pleased to execute on this follow-on transaction for CIE subsequent to the sale to CC Industries last year,” said Mark Fisler, Ocean Park managing director. “This transaction marks the thirty-sixth successful biofuels transaction for Ocean Park, and we are proud to have earned a high degree of trust as a leading advisor in the renewable fuels, food and agribusiness sectors.”
“We greatly appreciate the opportunity to assist CIE in achieving its strategic initiatives in the dynamic high-quality alcohols industry,” added Eric Ouyang, Ocean Park managing director. “CIE has built an extraordinary business that is poised for continued growth.”
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Founded in 2004, CIE is a global leader in grain-based, high-quality, specialty alcohols. CIE serves customers from Fortune 500 spirit, food, and fragrance brands to niche artisan craft distilleries. Headquartered in Marion, IN, CIE has global reach through its extensive network of owned, leased, and shared distribution terminals. CIE has 85+ employees and is an operating company of Chicago based CC Industries.
Ocean Park is a leading boutique investment bank focused on the renewable fuels, energy, food, AgTech and agribusiness sectors. The Ocean Park team has significant operational and transaction experience, including advising on mergers and acquisitions, financings and restructurings. Since its founding in 2004, Ocean Park has successfully completed over 80 transactions and client engagements. Its professionals are based in Los Angeles, Chicago, Houston, Minneapolis and Omaha. For more information, please visit oceanpk.com or call (310) 670-2093.