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
Troutman Pepper Hamilton Sanders (Legal)

Target

Massey Energy

Richmond,, Virginia, United States
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
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