Natural Resource Partners (NRP) has signed a definitive agreement to sell its construction aggregates business segment, VantaCore Partners LLC, to an affiliate of Sun Capital Partners Inc. for $205 million before transaction expenses and customary purchase price adjustments. The transaction is expected to close by year-end and is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

“The sale of our construction aggregates business segment will enable NRP to substantially accelerate the de-levering and de-risking of our capital structure and represents an exit from this business,” said Craig Nunez, president and chief operating officer of NRP.

Credit Suisse Securities is acting as financial advisor to NRP. Vinson & Elkins LLP is acting as legal advisor to NRP.

Headquartered in Houston, Texas, NRP is a diversified natural resource company that owns interests in coal, aggregates and industrial minerals across the United States. A large percentage of NRP’s revenues are generated from royalties and other passive income. In addition, NRP owns an equity investment in Ciner, Wyoming, a trona/soda ash operation and owns a construction aggregates company.