Resilience Capital Partners Announces Add-On Investment for its North Coast Minerals Portfolio Company
CLEVELAND, March 2, 2011 /PRNewswire/ -- Resilience Capital Partners, a leading private equity firm, announced its investment in Completion Industrial Minerals. This transaction marks the third under Resilience’s industrial minerals platform, North Coast Minerals. Completion Industrial Minerals is in the process of completing the build out of its processing and distribution infrastructure to produce and provide silica sand from its reserves for utilization as a fracturing sand for the energy market.
“We are pleased to have completed this transaction and look forward to providing quality products to the marketplace,” said Michael Lundin, Chairman North Coast Minerals and Head of Operations Group Resilience Capital Partners.
“The Completion Industrial Minerals transaction fits squarely with our investment thesis for North Coast Minerals. We remain very enthusiastic about our prospects and future of North Coast under the leadership of Michael Lundin,” said Bassem Mansour, Co-CEO of Resilience Capital Partners.
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners is a leading private equity firm which invests 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 21 companies with total revenue in excess of $1.5 billion. For more information, please visit www.resiliencecapital.com.
About Completion Industrial Minerals
Located in Marshfield, Wisconsin, Completion Industrial Minerals holds high quality silica sand reserves and is in the process of completing the construction of a processing facility that includes rail car loading capabilities. The silica sand will be produced to meet API specifications for utilization as a fracturing sand for gas and oil wells.
Resilience Capital Partners
SOURCE Resilience Capital Partners
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