Resilience Capital Partners announces the first acquisition Victor Oolitic Stone Co. under its North Coast Minerals platform. A leading supplier for 100-plus
Resilience Capital Partners announces the first acquisition Û Victor Oolitic Stone Co. Û under its North Coast Minerals platform. A leading supplier for 100-plus years of Indiana limestone, Bloomington-based Victor Oolitic primarily serves four dimension-stone end markets: institutional (churches, universities, government), high-end residential (> $5 million homes), commercial (malls, hotels, office buildings), and residential (accents, window sills, flagstones and keystones). The company offers buff, gray and variegated quarry blocks and slabs to the stone fabrication market and ready-to-use sills, treads, hearths, paving, caps and coping materials to brick, masonry and landscape supply yards.
Resilience Capital was named the successful bidder in the producer’s Chapter 11 Section 363 auction. The acquisition is consistent with our strategy of identifying and organically growing operations that are strategically placed to serve multiple end markets, notes North Coast Minerals Chairman and Resilience Capital Operating Partner Michael Lundin.
This transaction marks a new day in the history of Victor Oolitic and the beginning of a well thought out long-term investment strategy for Resilience in industrial minerals, adds Resilience Capital Partners Co-CEO Bassem Mansour.