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"We are excited about this acquisition and both the near- and long-term opportunities it generates when combined with Victor Oolitic. Furthermore, the acquisition of Indiana Limestone is consistent with North Coast Minerals' strategy of seeking niche industrial minerals companies with a unique reserve capable of supplying a variety of specialty end markets including energy, environmental, building materials, agricultural and industrial," said Michael Lundin, Chairman, North Coast Minerals and Operating Partner, Resilience Capital Partners.
"This transaction brings together two leading players in the market place. We look forward to continuing the heritage of these businesses and exploring further growth opportunities in the niche industrial minerals segment," added Bassem Mansour, Co-CEO, Resilience Capital Partners.
Headquartered in Cleveland, OH, Resilience Capital Partners is a leading private equity firm with a team of in-house operating experts that bring large company resources to the lower middle market. Founded in 2001, Resilience's value oriented investment strategy focuses on acquiring companies experiencing a variety of special situations within a broad range of industries. Since its inception Resilience has invested in 16 platform companies representing over $2 billion in revenue with over 5,000 employees. For more information, visit www.resiliencecapital.com.
Indiana Limestone Co. is a leading provider of dimension Indiana Limestone in North America. The company, for more than 100 years, quarries high quality oolitic limestone for use in institutional, commercial and residential applications. Indiana Limestone Co. has significant proven reserves in excess of 100 years supply. The company offers buff, gray and variegated quarry blocks and slabs to the stone fabrication market. Also. the company provides full-service design and fabrication services. For more information, visit www.indianalimestonecompany.com.