U.S. Minerals, headquartered in Dyer, Indiana, is a leading recycler and processor of coal slag. The Company’s facilities, located in Baldwin and Coffeen, Illinois, Harvey, Louisiana and Galveston, Texas, process coal slag from the bottom of power-plant boilers into two beneficial re-use products: roofing granules and surface-blasting abrasives. Roofing customers utilize coal slag to produce asphalt shingles. Abrasives customers use coal slag to remove particles, like rust and paint, from metal and wood surfaces.
Based in Chicago, Merit Capital Partners manages $1.7 billion of capital through five institutionally-sponsored limited partnerships investing mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and services industries.
R.L. Hulett & Company originated the transaction for the Buyer and acted as the Buyer’s exclusive financial advisor in negotiating the deal and facilitating the closing.< Go Back