Since 1998, Vulcan has acquired a significant portfolio of companies that produce electricity, manufacture electrical plants for sale world-wide, repair electrical power plants world-wide, produce coal for electrical consumption, produce and develop oil and gas fields in US and Canada, develop land fill gas projects, and develop energy saving technologies.
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- The first Vulcan investment platform, Vulcan Partners I & II was created in 1998 and was followed by NRVG, NRVG II & NRVG which invested over $300 million in the coal industry.
- In 2001, Vulcan’s portfolio company closed on the acquisition of over 70,000 acres of Canadian coal bed methane reserves with over 1.5 trillion cubic feet of natural gas.
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- In 2002, Vulcan created and led an investor group that acquired select power plant assets from Enron.
- In 2003, Vulcan created and structured the acquisition of Duke Energy’s oil and gas division in the Gulf of Mexico.
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- In 2004, Vulcan’s coal operations ranked as the seventh largest in the U.S.
- In 2004, Vulcan expanded its energy services company into Iraq and installed and repaired hundreds of Megawatts of power. Vulcan’s power plants were the first new post-war power plants in Iraq.
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- In 2006, Vulcan created a new coal company when it purchased assets and mining equipment in Central Appalachia.
- In 2006, Vulcan’s energy services company completed a comprehensive review of all power plants in Bangladesh and reached an agreement with the government of Bangladesh for a program of repair and new power plant installation.
- In 2006, Vulcan led the acquisition of a mothballed refinery for a hedge fund client.
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- In 2007, Vulcan acquired assets in a New York based natural gas drilling program. Vulcan restructured the balance sheet and recapitalized the company.
- In 2007, Vulcan launched Vulcan Partners III, a $400 million fund to originate and lead acquisitions and investments in Middle-Market natural resources and energy companies.
- In 2007, Vulcan, with its partner Graoch Associates, launched Aventine Hill Real Estate Fund I, a $300 million investment focusing on acquisition, financing, operation, and disposition of rental apartment communities located throughout the United States.
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