M&A Deal Summary

Coronado Coal Acquires Consol Buchanan Mining

On February 29, 2016, Coronado Coal acquired oil/gas exploration company Consol Buchanan Mining from Consol Energy for 420M USD

Acquisition Highlights
  • This is Coronado Coal’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Coronado Coal’s largest (disclosed) transaction.
  • This is Coronado Coal’s 1st transaction in the United States.
  • This is Coronado Coal’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-02-29
Target Consol Buchanan Mining
Sector Oil/Gas Exploration
Buyer(s) Coronado Coal
Sellers(s) Consol Energy
Deal Type Divestiture
Deal Value 420M USD

Target

Consol Buchanan Mining

Canonsburg, Pennsylvania, United States
Consol Buchanan Mining Company LLC engages in the production of coal.

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Buyer(S) 1

Buyer

Coronado Coal

Wilton, Connecticut, United States
Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Coronado Coal LLC engages in the exploration, development and production of natural gas and coal.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Consol Energy

Canonsburg, Pennsylvania, United States
Category Company
Founded 1864
Sector Oil/Gas Exploration
Employees2,020
Revenue 2.5B USD (2023)
DESCRIPTION

Consol Energy is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (E&P), and coal mining. CONSOL Energy was founded in 1864 and is based in Canonsburg, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 2 of 2
State (Pennsylvania) 2 of 2
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Fairmont Supply

Canonsburg, Pennsylvania, United States

Fairmont Supply is a national supplier of material management solutions, providing products utilized for the maintenance, repair and operations (MRO) of their customers’ capital equipment and business activities.

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