M&A Deal Summary

Alpha Natural Resources Acquires Massey Energy

On June 1, 2011, Alpha Natural Resources acquired oil/gas exploration company Massey Energy for 7.1B USD

Acquisition Highlights
  • This is Alpha Natural Resources’ 7th transaction in the Oil/Gas Exploration sector.
  • This is Alpha Natural Resources’ largest (disclosed) transaction.
  • This is Alpha Natural Resources’ 7th transaction in the United States.
  • This is Alpha Natural Resources’ 2nd transaction in Virginia.

M&A Deal Summary
Date 2011-06-01
Target Massey Energy
Sector Oil/Gas Exploration
Buyer(s) Alpha Natural Resources
Deal Type Add-on Acquisition
Deal Value 7.1B USD
Advisor(s) Perella Weinberg Partners
UBS Investment Bank (Financial)
Cravath, Swaine & Moore LLP
Troutman Pepper Hamilton Sanders (Legal)

Target

Massey Energy

Richmond,, Virginia, United States
website
Massey Energy Co.operates coal mines and processing facilities consist of about 5.5 million tons of coal reserves.

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Buyer(S) 1

Buyer

Alpha Natural Resources

Bristol, Virginia, United States

website

Category Company
Founded 2002
Sector Metals/Mining
Employees8,300
Revenue 4.3B USD (2014)
DESCRIPTION

Alpha Natural Resources, Inc. is a coal producer. Alpha NR supplies and exports metallurgical coal for use in the steel-making process and a supplier of thermal coal to electric utilities.

DEAL STATS #
Overall 7 of 7
Sector (Oil/Gas Exploration) 7 of 7
Type (Add-on Acquisition) 5 of 5
State (Virginia) 2 of 2
Country (United States) 7 of 7
Year (2011) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 Mingo Logan Ben Creek

Wharncliffe, West Virginia, United States

Mingo Logan Ben Creek,engages in coal mining, production and exploration services. The assets, which include coal reserves, two mines and a loadout and processing plant.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Dry Systems Technologies

Woodridge, Illinois, United States

Dry Systems Technologies is a designer, manufacturer, and installation of diesel emissions control systems used for mining and construction equipment. Dry Systems Technologies is based in Woodridge, Illinois.

Sell -
Mergr

Product

Company

Legal