The limestone reserves of Blue Star Materials in Chico, Texas
Greystone Advises NRP on Divestiture of Minerals Portfolio
SAN DIEGO (February 18, 2016) – The Greystone Group announced today that it advised Natural Resource Partners, L.P. on the divestiture of certain aggregates mineral reserves in Georgia, Texas and Tennessee to Resource Land Holdings, LLC. “Our relationship with NRP goes back to 2004, having advised them on several buy-side transactions over the years. We are pleased to have been able to represent them in this transaction,” said Tim Oitzman, President of Greystone.
About Natural Resource Partners, L.P.
Natural Resource Partners L.P. (“NRP”) is a master limited partnership headquartered in Houston, TX. NRP is a diversified natural resource company that owns interests in oil and gas, coal, aggregates and industrial minerals across the United States. A large percentage of NRP’s revenues are generated from royalties and other passive income. In addition, NRP owns an equity investment in Ciner Wyoming, a trona/soda ash operation, owns non-operated working interests in oil and gas properties and owns VantaCore, a construction aggregates business, making NRP one of the top 25 aggregates producers in the United States.
About Resource Land Holdings
Resource Land Holdings, LLC (“RLH”) was founded in 1998 to invest in agricultural, timber and mining properties in the United States. Through partnerships with local brokers, operators and entrepreneurs, RLH invests in properties across a broad range of resource-rich asset classes. To date, RLH has organized and managed two separately funded entities as well as four private equity funds.