Resilience Capital Partners Forms North Coast Minerals, Inc. as a Platform Investment Company Focused on Mining and Natural Resources
Posted on: Tuesday, 6 October 2009, 09:00 CDT
CLEVELAND, Oct. 6 /PRNewswire/ -- Resilience Capital Partners (www.resiliencecapital.com), a Cleveland-based private equity firm, has formed platform company North Coast Minerals to invest in the debt, mezzanine and equity of industrial minerals, mining, natural resources, and related businesses. The strategy of North Coast Minerals will be led by Chairman Michael Lundin, currently Operating Partner at Resilience Capital Partners and former CEO of Oglebay Norton.
"Although in a cyclical downturn, we believe operations properly capitalized and strategically located can be valued assets. As we look to build this company we will look for companies that can grow and be expanded as the global economy recovers," said Michael Lundin.
The North American mining and natural resource marketplace remains highly fragmented and consists of hundreds of entities throughout the country serving the industrial, agricultural, building materials, construction and environmental end markets.
"The capital spending and working capital required in this industry tends to be high and in this challenging economy capital is not readily available. We are fully aware capital is a requirement to properly manage these assets and we will look to make capital available to owners and managers looking for a quality strategic investment partner," added Steven Rosen, Co-CEO of Resilience Capital.
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners is a leading private equity firm specializing in investing in lower middle market companies in a broad range of industries. Resilience's value oriented investment strategy is to acquire companies with solid business prospects in a wide variety of special situations including underperformers, corporate divestitures, turnarounds and orphan public companies. Since its inception in 2001, Resilience has acquired 16 companies with total revenue in excess of $1.5 billion. In January 2009, Resilience won the 2008 Private Equity Firm of the Year Deal Makers Award from the Association for Corporate Growth. For more information, please visit www.resiliencecapital.com.
Contact Information
Michael Lundin, Operating Partner
Resilience Capital Partners
25101 Chagrin Blvd., Suite 350
Beachwood, OH 44122
216-292-0510
Steven Rosen, Co-CEO
Resilience Capital Partners
25101 Chagrin Blvd. Suite 350
Beachwood, Ohio 44122
216.292.4535
SOURCE Resilience Capital Partners LLC
Source: PR Newswire
Related Articles
- World's Largest Commercial Pest Control Company Names DeVito/Verdi as Its North American Advertising Agency
- Capital Product Partners Takes Delivery of Product Tanker
- Amphion Partner Company, Durham Scientific Crystals, Signs UK Airport Security Deal
- OMX: The Nordic Exchange Welcomes Dannemora Mineral to First North
- BPZ Energy to Present at the 2006 Morgan Keegan & Company Equity Conference
- Bain Capital & Apax Partners Join Private Equity Consortium Purchasing Majority Stake in Philips' Semiconductor Unit
- Slim Chance for Missing Miner to Survive North China's Coal Mine Blast
- Fujisawa Pharmaceutical Co Ltd, an in-Dept View of the Organizations Deals and Partnering Companies Over a Five Year Period
- Efforts to Rescue 20 Trapped Miners Continues in North China Gypsummine
- A Company Analysis of Daiichi Pharmaceutical Co Ltd Including Information on Their Deals Made and Partnering Companies Over a Five Year Period
 |
 |
User Comments (0)
RSS Feeds