Middle Fork Development Services LLC (MFD) owned coal mine in Magoffin County, Ky. has been granted investment banking services through Xnergy Financial, a national investment banking firm providing financing, merger and acquisition services.
The investment is for the company’s corporate finance, restructure and divestiture, in hopes to recapitalize and sell the company to execute capacity expansion.
MFD’s coal mine is the only surface coal mine in Central Appalachia that meets current and proposed Environmental Protection Agency (EPA), Office of Surface Mining (OSM), and Clean Water Act standards. The mine was established in 2008.
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