White Oak Affiliate (ACG Holdco) Acquires Atlantic Carbon Group Plc

December 1, 2019

An affiliate of White Oak Global Advisors, ACG Holdco, LLC, acquired all equity interests in Atlantic Carbon Group Plc through a UK Administration proceeding (with an ancillary Chapter 15 in Delaware). The credit-bid transaction—advised by SSG Capital Advisors and closed in December 2019—preserved operations at the Hazleton, Pennsylvania anthracite mining operations and saved over 150 jobs.

Buyers
ACG Holdco, LLC, White Oak Global Advisors, LLC
Targets
Atlantic Carbon Group Plc
Sellers
Joint Administrators for Atlantic Carbon Group Plc (AlixPartners UK LLP)
Industry
Energy
Location
Pennsylvania, United States
Transaction Type
Buyout

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