Vulcan Capital Management
| Private | |
| Industry | Private Equity |
| Founded | 1997 |
| Headquarters | 75 Rockefeller Plaza, 18th Floor, New York City, United States |
|
Key people
|
Ford F. Graham, co-founder, Kevin C. Davis, co-founder |
| Products | Leveraged buyout, Venture capital, Growth capital, Mezzanine capital |
| Website | http://www.VulcanCapital.com |
Vulcan Capital Management, Inc is a private equity firm focusing on investments in distressed restructurings, acquisitions, growth capital, mezzanine capital, leveraged buyouts, recapitalizations and structured equity in the energy, natural resources and green technology sectors in the United States, Canada, Nigeria, Bangladesh and Iraq. Typical investments are between $10 million and $300 million.
Vulcan Capital Management (not to be confused with Vulcan Inc. and its investment arm Vulcan Capital founded by Paul Allen) was founded in May 1997 by Ford Graham and Kevin Davis, and maintains principal offices in New York, NY and Houston, TX. Since its founding in 1997, Vulcan has completed over 35 transactions worldwide, with a value exceeding $800 million through its family of partner funds and portfolio firms.
Vulcan Capital Management projects center around energy and natural resources sectors with a heavy focus on coal mining and power plants, water resource management, and natural gas exploration. Since 2007 Vulcan has diversified to include water treatment services and real estate development.
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 2002, Vulcan created and led an investor group that acquired select power plant assets from Enron. They paid less than $100,000 for these two power plants and subsequently invested over $12 million in environmental cleaning equipment to make these plants the cleanest coal fired power plants in the North East USA. In 2003, Vulcan created and structured the acquisition of Duke Energy’s oil and gas division in the Gulf of Mexico. 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. 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, planned to launch 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 however this Project was never enacted.
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