Fredericks Michael & Co. acted as exclusive financial advisor to Coeclerici Commodities SA, the trading division of Coeclerici S.p.A., an Italy-based leader in coal mining, trading, shipping, and logistics serving the energy and steel industries worldwide, on its sale of Coeclerici Coal Network Inc.
CCN is a full-service coal agent, trading and marketing firm. CCN engages in the physical trading of coal to the Midwest, South and Mid-Atlantic regions of the United States and provides logistics services for delivery solutions and terminal management. Moreover, CCN provides operational support, financing, & specialized logistics solutions to its customers and suppliers. Coeclerici sold CCN, headquartered in Mason, Ohio, in order to re-focus on its core business in other markets.
“This divestiture will allow us to sharpen our focus on investments in our core markets. The sale process was managed efficiently and yielded an excellent outcome for all parties”, said Paolo Clerici, Group Chairman at Coeclerici. The divestment reflects Coeclerici’s strategy of redeploying capital to operations in high-growth markets.
FM&Co.’s advisory services to Coeclerici included contacting and meeting with potential buyers as well as valuing, structuring, and negotiating the terms and conditions of the agreement with Coal Network, LLC.
Coeclerici Group represents a benchmark in turnkey solutions for coal supply to countries all over the globe. Coeclerici Group’s business model is based on creating value for its customers by controlling the entire procurement cycle, from mining to shipping and logistics, delivering directly to its customer in the most efficient, competitive manner possible. Coeclerici Group operates through four highly specialized divisions: Mining, which oversees the purchase and management of mining sites; Trading, which manages the supply and sale of raw materials; Logistics, which designs, builds, and operates “floating terminals”; and Shipping, which oversees the commercial management of the vessels owned. Coeclerici Group also has a majority stake in the IMS Deltamatic Group, which comprises diversified companies specialized in the design and manufacturing of industrial machines. For more information, visit www.coeclerici.com
CCN is a turnkey solution provider focused specifically on coal and blended coal products. CCN manages the entire procurement cycle, from mining to shipping and logistics, to direct delivery to its customers. CCN specializes in the trading of thermal, industrial, and metallurgical coal, which it sells to customers across the United States. Its coal originates from the four major producing regions, namely the CAPP, ILB, NAPP, and PRB regions and is delivered by unit/single car train, barge, or truck. CCN can ship coal to export terminals on the East or Gulf Coasts. For more information, visit www.coalnetwork.com