M&A Deal Summary

Seminole Coal Resources and ERP Compliant Fuels Acquire Walter Energy - Non-Core U.S. Assets

On February 12, 2016, Seminole Coal Resources and ERP Compliant Fuels acquired energy services and equipment company Walter Energy - Non-Core U.S. Assets from Walter Energy

Acquisition Highlights
  • This is Seminole Coal Resources’ 1st and ERP Compliant Fuels’ 1st transaction in the Energy Services and Equipment sector.
  • This is Seminole Coal Resources’ 1st and ERP Compliant Fuels’ 1st transaction in the United States.

M&A Deal Summary

Date 2016-02-12
Target Walter Energy - Non-Core U.S. Assets
Sector Energy Services and Equipment
Buyer(s) Seminole Coal Resources
ERP Compliant Fuels
Sellers(s) Walter Energy
Deal Type Divestiture

Target

Walter Energy - Non-Core U.S. Assets

United States
Walter Energy - Non-Core U.S. Assets includes the Gauley Eagle and Maple properties, as well as the Walter Coke facility and Taft in Alabama.

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Buyer(S) 2

Buyer
DESCRIPTION

Seminole Coal Resources LLC is a provider of energy services.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
Buyer

ERP Compliant Fuels

Natural Bridge, Virginia, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

ERP Compliant Fuels LLC is a provider of natural resource services.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Walter Energy

Birmingham, Florida, United States

Category Company
Founded 1946
Sector Metals/Mining
Employees3,600
Revenue 1.9B USD (2013)
DESCRIPTION

Walter Energy, Inc. is a metallurgical coal producer for the global steel industry with strategic access to steel producers in Europe, Asia and South America.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 3 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Western Coal ULC

Vancouver, British Columbia, Canada

Western is a producer of high quality metallurgical coal from mines in northeast British Columbia (Canada) and high quality metallurgical coal and compliant thermal coal from mines.

Buy -