Riverspan Partners, a private equity firm focused on the industrials sector, has made an investment in Barretts Minerals.
Headquartered in Dillon, Mont., Barretts is a talc mining and processing company. Barretts’ mines boast access to quality, purity, and brightness talc, and processing capabilities provide flexibility within a variety of applications and end markets. Barretts is the inaugural investment out of Riverspan’s first fund. As part of its strategic plan for growth at Barretts, Riverspan will invest to help drive product innovation, broaden the product portfolio and improve process efficiency.
“We are committed to providing financial support and operational expertise to enable the company to enhance its product offering and further invest in its mining and processing capabilities for the benefit of customers, employees, and the communities where Barretts operates,” states Dave Thomas, partner at Riverspan Partners.
Milbank LLP and McDermott Will & Emery LLP are serving as legal advisors to Riverspan.