PRINCETON, W. Va.–(BUSINESS WIRE)–Mohegan Energy Trustees, LLC (“Mohegan”), through its wholly owned subsidiary Cornerstone Minerals, LLC (“Cornerstone”), announced today the acquisition of a low vol metallurgical coal operation and related equipment in West Virginia from Met Resources, LLC.
Junction Energy, Ara Partners invest in Puraglobe
WAYNE, Pa. and HOUSTON, Aug. 8, 2018 /PRNewswire/ — Junction Energy Capital (“Junction”), a Houston-based private equity firm, and Ara Partners Group (“Ara Partners”), an alternative asset manager focused on the energy, industrial and infrastructure sectors, today announced a significant joint investment in Puralube, Inc. (“PURAGLOBE”), a technology platform with a proprietary process for producing high-quality base oils, using recycled oil as feedstock. Allied Resource Corporation (“Allied”), the founding shareholder, will maintain a substantial stake in PURAGLOBE alongside Ara Partners and Junction.