SAN DIEGO (October 2, 2014) – The Greystone Group announced today that it advised Natural Resource Partners L.P. (NYSE: NRP) in its acquisition of VantaCore Partners LP. The acquisition enhances NRP’s platform for growth in the construction aggregates business. “We have advised NRP on several acquisitions over the past 8 years and are pleased to see their commitment to the construction materials industry” said Tim Oitzman, President of Greystone.

“With this acquisition, we are continuing down the path of diversifying NRP, building on our recent track record of smart, well-considered additions to our natural resource properties.  Upon completion of the acquisition, NRP will have invested over $550 million since January 2013 in non-coal related businesses and, as we demonstrated with our second quarter results, those acquisitions are contributing significant additional cash flows to NRP,” said Wyatt Hogan, Executive Vice President of NRP.

About VantaCore

VantaCore was formed in 2006 to acquire profitable, well-managed and competitively advantaged mid-sized aggregate companies. VantaCore is now estimated to be one of the top 25 aggregate producers in the United States. To date VantaCore has successfully integrated seven companies and has an experienced management team in place that will facilitate future growth both organically and through additional acquisitions. Headquartered in Philadelphia, Pennsylvania, VantaCore operates three hard rock quarries, six sand and gravel plants, two asphalt plants and a marine terminal. NRP anticipates that VantaCore will generate approximately $25 million in EBITDA over the next 12 months.

About Natural Resource Partners

Natural Resource Partners L.P. (“NRP”) is a master limited partnership headquartered in Houston, TX, with its operations headquarters in Huntington, WV.  NRP is principally engaged in the business of owning and managing mineral reserve properties.  NRP owns interests in coal, aggregates and industrial minerals, and oil and gas across the United States that generate royalty and other income for the partnership.  In addition, NRP owns an equity investment in OCI Wyoming, a trona/soda ash operation, and owns non-operated working interests in oil and gas properties.