M&A Deal Summary

Alpha Natural Resources Acquires Kentucky May Coal

On May 1, 2006, Alpha Natural Resources acquired oil/gas exploration company Kentucky May Coal from Progress Fuels for 23M USD

Acquisition Highlights
  • This is Alpha Natural Resources’ 5th transaction in the Oil/Gas Exploration sector.
  • This is Alpha Natural Resources’ 4th largest (disclosed) transaction.
  • This is Alpha Natural Resources’ 5th transaction in the United States.
  • This is Alpha Natural Resources’ 2nd transaction in Kentucky.

M&A Deal Summary
Date 2006-05-01
Target Kentucky May Coal
Sector Oil/Gas Exploration
Buyer(s) Alpha Natural Resources
Sellers(s) Progress Fuels
Deal Type Divestiture
Deal Value 23M USD

Target

Kentucky May Coal

Kite, Kentucky, United States
Kentucky May Coal Co., LLC provides coal mining and exploration services.

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Buyer(S) 1

Buyer

Alpha Natural Resources

Bristol, Virginia, United States
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 5 of 7
Sector (Oil/Gas Exploration) 5 of 7
Type (Divestiture) 1 of 2
State (Kentucky) 2 of 2
Country (United States) 5 of 7
Year (2006) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-06 Diamond May Coal

Sassafras, Kentucky, United States

Diamond May Coal Co. engages in surface and underground mines in Kentucky.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

Progress Fuels

Raleigh, North Carolina, United States
Category Company
Founded 1976
Sector Oil/Gas Exploration
DESCRIPTION

Progress Fuels Corp.engages in procuring and transportation of coal.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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