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Natural Resource Partners To Buy Vantacore Partners For $205 Mln

( NRP : Quote ) said Tuesday that it has agreed to acquire VantaCore Partners L.P., a privately-held limited partnership specializing in the construction materials http://mdiulholwe4.jimdo.com industry, for $205 million. The company http://eqroesbeykt.blogetery.com noted that the acquisition of VantaCore Partners will enhance its platform for kim kardashian video growth web site in the construction aggregates business , especially through VantaCore's operations that supply limestone and base material to oil and gas companies in the Marcellus and Utica shale plays. NRP is a master limited partnership based in Houston, Texas, with its operations headquarters in Huntington, West Virginia. The company is principally engaged in the business of owning and managing mineral reserve properties. Philadelphia, Pennsylvania-based VantaCore was formed in 2006 to acquire profitable, well-managed and competitively advantaged mid-sized aggregates companies. VantaCore, one of the top 25 aggregates producers in the U.S., operates three hard rock quarries, six sand and gravel plants, two asphalt plants and a marine terminal. Its current operations are located in Pennsylvania, West Virginia, Tennessee, Kentucky and Louisiana. VantaCore is currently owned by a consortium of institutional investors. The consortium includes Trilantic Capital Partners as majority owner, in addition to Kayne Anderson Energy Development Company, Hartz Alternative Investments, LLC, Corridor Private Holdings, Inc., and members of the company's management team.
Source: http://www.rttnews.com/story.aspx?Id=2372391

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