SHANER CAPITAL LP ANNOUNCES NEW BUSINESS PARTNERSHIP WITH NAVITUS LLC

State College, PA – Shaner Capital LP is pleased to announce the formation of a new business partnership,  Navitus  LLC,  with Pennsylvania based G.M. McCrossin  and Hadleigh Assets of the United Kingdom.  On February 2nd, Navitus LLC acquired the former Bolton facilities located in Bellefonte, Pennsylvania (478,622 square foot on 173 acres).

According to the CEO of Shaner Capital LP, Eddie Lauth, “The former Bolton facilities have been renamed Titan Energy Park and renovations and remediation have already begun, in earnest. Titan Energy Park is ideally located with rail siding, natural gas, a power plant, public water and sewage and access to an abundance of natural spring water. Our goal is to attract new companies and new jobs to the Centre Region, some of which may be active in the Marcellus Shale and gas industry”.

Joe Leahey of G.M. McCrossin stated, “My brother, Bob, and I are excited to be part of the revitalization of this industrial facility for Bellefonte, Centre County and Pennsylvania.  We envision the Titan Energy Park to be an incubator for new opportunities in the area. The Leahey Family has been a part of the Bellefonte Community for the last 41 years and we look forward to continuing this relationship for many years into the future.  We are happy to recognize Senator Jake Corman, State Representative Kerry Bennighoff,  representatives from the Governor’s Action Team, the Department of Environmental Protection, the Chamber of Business & Industry in Centre County and SEDA-COG Rail Authority, that continue to be supportive in our efforts for this facility”.

Martyn Meade of Hadleigh Assets said “I am very pleased that we have managed to find local partners to help us regenerate this important site which I hope will lead to the creation of new employment and modern industries that will allow the area to continue its long and distinguished business history. I am totally behind the whole project and excited about realizing its maximum potential”

Shaner Capital LP is a private investment fund formed by Lance T. Shaner, CEO of the Shaner Group in 2010.  The objective of Shaner Capital is to assist well run, innovative companies to grow and expand their businesses. Shaner Capital holds controlling interests in numerous operating companies.

About The Shaner Group

State College, Pa.-based Shaner Group is a privately held group of companies with over 2,500 employees that owns and manages a diverse portfolio of businesses that includes hotels, finance, investment management, venture capital and energy production.  For more information about the Shaner Group, visit www.shanercorp.com