H.I.G. Capital, an alternative investment firm, has purchased Terra Millennium Corporation, a provider of industrial maintenance services, from Court Square Capital Partners.
Terra Millennium provides industrial services like refractory design and maintenance, insulation and scaffolding.
“I am proud of Terra Millennium’s success to date. The investment by H.I.G. is recognition of all that the team has accomplished, and we are excited to partner with H.I.G. to support our next phase of growth,” said Mark Stutzman, executive chairman of Terra Millennium.
Macquarie Capital and Stifel acted as financial advisors and provided committed financing, and McDermott Will & Emery provided legal advice to H.I.G. Capital. Harris Williams and Evercore acted as financial advisors, and Dechert served as legal counsel to Terra on the transaction.