HOUSTON,TEXAS (February 2007) – Quintana Capital Group, L.P. today announced that Quintana Energy Partners, L.P. and its affiliated partnerships(collectively, "Quintana") have completed the recapitalization of Taggart Global, LLC ("Taggart" or the "Company") and committed to further growth capital.
“Through purchasing our silent partners’ ownership stake, Quintana helps Taggart take an importantstep in our evolution,” stated Larry Watters, who with Dan Placha founded Taggart in the early 1990s. “The construction and rehabilitation of infrastructure for handling coal and similar commodities are important components in the energy and mining value chains.” Dan Placha, Director of Operations, elaborated, “With a new partner and capital resources, Taggart expects to continue its legacy of quality EPC as well as operations and maintenance of material handling facilities.”
Taggart (formerly Sedgman USA, LLC) is an international design, engineering and construction company with expertise in turnkey design, supply, construction and commissioning of coal processing plants and material handling systems. Taggart provides a full range of design, engineering, project management, construction and contract operation services to the worldwide mining and power generation sectors. Taggart is a US-based company headquartered in Pittsburgh, Pennsylvania with offices in China, Brazil and Russia.Since 1993 Taggart group companies have undertaken and successfully completed a wide range of turnkey coal processing and material handling projects for the world’s leading coal producers as well as for small and medium sized companies.
Corbin J. Robertson III, Managing Director of Quintana, confirmed, “We have had a relationship with Taggart for some time, and have a deep appreciation for their demonstrated track record. For a variety of reasons, cleaning ash,sulfur and other contaminants from raw coal is critical for its proper use in coking and thermal power plant applications.”
Certain statements in this press release include statements that may constitute"forward-looking" statements, usually containing the words "believe,""estimate," "project," "expect," "plan," "should" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
Contact for Taggart Global LLC: Kenneth Lund Chief Operating Officer 412-429-9800
