PHILADELPHIA, Jan. 6, 2011 /PRNewswire/ -- VantaCore Partners LP ("VantaCore" or the "Partnership") is pleased to announce that Perry Donahoo has joined it as Partner, Chief Operating Officer.
Mr. Donahoo, will oversee all operational aspects of the company as well as assist its business development acquisition efforts. Mr. Donahoo brings extensive senior executive operational experience to the VantaCore team, having spent over 30 years in the aggregate and building materials industry. Mr. Donahoo, who began his career with Vulcan Materials Company in 1978, was President of the Florida and Western Divisions of Florida Rock Industries (1999 – 2007), after being President of the Southern Division, Construction Materials Group for Vulcan Materials Company (1995 – 1998).
"We are excited about adding Perry to the team," said Colin Oerton, Partner, Chief Executive Officer. "Having spent his entire life in the Aggregates and Building Materials Industry, his operations, sales and marketing expertise will be invaluable to our existing and future operations. We believe his skills are very complementary to the strengths of our senior team." Irik P. Sevin, Partner, Business Development added, "I am particularly excited by Perry's well respected industry image and relationships as well as the depth and breadth of his knowledge which will greatly assist our acquisition efforts.
Perry indicated that, "This is a very exciting opportunity to take the knowledge and experience I have developed over 30 years to help lead and expand VantaCore into becoming a significant aggregate company. I have greatly enjoyed all the people with whom I have worked in the past and look forward to building VantaCore with Colin and Irik."
VantaCore is a private company focused on acquiring competitively advantaged aggregate and related businesses in the domestic U.S. market. With approximately 150 employees, its operations consist of an integrated limestone quarry (with permitted surface reserves of about 59 million tons), a dock facility, two asphalt plants and a commercial asphalt lay down business located in Clarksville, Tennessee and a sand and gravel business (with approximately 70 million tons of sand and gravel reserves) located near Baton Rouge, Louisiana serving the south central Louisiana market. VantaCore's interest in retaining local company management, its financial structuring flexibility and seller sensitivity, has driven the Partnership's acquisition growth to date. Management plans to continue this successful strategy of growing primarily through acquisition. To date, VantaCore has been provided equity financing by Kayne Anderson Energy Development Company (NYSE: KED), Trilantic Capital Partners, Tortoise Capital Resources Corporation (NYSE: TTO) and Hartz Capital Investments LLC. For more information, please visit our website at www.vantacore.com or contact us at [email protected].