| Quintana Capital Group Closes Strategic Investment in Taggart Global USA, LLC
Pittsburgh, PA, March 12, 2007 – Quintana Capital Group (“QCG”) and Taggart Global USA, LLC (“Taggart”) are pleased to announce QCG’s acquisition of a 43% equity interest in Taggart. Prior to January 1, 2007, Taggart was known as Sedgman USA, LLC. Taggart will continue to be majority-owned by its current management group, including Larry Watters, Dan Placha, Rick McCormick, and Lyle Spalding.
“We are excited to partner with Taggart and take part in their growth in the worldwide coal preparation and material handling markets,” said Corbin J. Robertson III, Managing Director of QCG. “We are particularly attracted to Taggart’s ability to operate coal preparation plants, load-out facilities, and material handling facilities.”
“Our new alliance with QCG provides us with a strong financial platform from which we will continue to serve our existing international client base and also actively pursue opportunities to build, own and/or operate coal preparation and handling facilities for coal companies and utilities worldwide,” said Richard L. McCormick, Jr., Chief Executive Officer and President of Taggart. “We are thrilled to be partnering with the Robertson family of companies as we together pursue new opportunities in the coal, coal value added products, and mineral processing marketplace.”
About Quintana Capital Group
Based in Houston, Texas, Quintana Capital Group is the general partner of a $650 million private equity fund focused on control-oriented investments across the oil and gas and coal and power industries. Formed in 2006, QCG is managed by highly experienced energy industry investors, including Corbin J. Robertson, Jr. and his family, and former Secretary of Commerce Donald Evans.
|
About Taggart Global USA, LLC
Taggart Global, LLC is the largest privately owned international coal preparation and material handling group in the world. The company provides a full range of design, engineering, project management, construction and contract operation services to the worldwide mining and power generation sectors.
Since 2000, Taggart has completed more than 200 major coal preparation and material handling projects in seven countries across five continents. Taggart maintains the leading market position in the delivery of coal processing and material handling projects and continues to expand its capabilities and global presence.
In 2008 Taggart acquired a controlling interest in Jim Harrison Design Associates (Pty) Ltd (JHDA). JHDA specializes in coal and mineral processing in southern Africa. The inclusion of LSL/TEKPRO allows Taggart to offer a full range of processing and material handling services to the growing African mining and power utility industries.
Taggart is headquartered in Pittsburgh, USA with international offices in Canada, China, South Africa, Australia and Brazil.
For further information, visit www.taggartglobal.com. |
Media Contact;
Michael Ferguson
Vice President, Marketing
Phone: 843-412-4609
Email: mferguson@taggl.com |
|
