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Resilience Capital acquires Victor Oolitic Stone

Private equity firm Resilience Capital Partners has acquired Victor Oolitic Stone, a provider of Indiana limestone to the dimensional stone marketplace.

This transaction marks the first acquisition under Resilience’s previously announced industrial minerals platform, North Coast Minerals.

Victor Oolitic primarily sells into four end markets: institutional (churches, universities, government), high end residential (USD5m to USD50m homes), commercial (malls, hotels, office buildings) and residential (accents, window sills, flagstones and keystones).

Victor Oolitic uses two distribution channels: cut stone fabricators, and brick and masonry yards.

Resilience Capital was named the successful bidder in the company’s chapter 11 section 363 auction held on 17 November 2008.

"We are excited about the opportunity to be working with Victor Oolitic and believe the company provides an excellent platform for the future. The acquisition is consistent with our strategy of identifying and organically growing operations that are strategically placed to serve multiple end markets," says Michael Lundin, chairman north coast minerals and operating partner Resilience Capital.

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