M&A Deal Summary

H.I.G. Private Equity Acquires Terra Millennium

On May 26, 2022, private equity firm H.I.G. Private Equity acquired energy services and equipment company Terra Millennium from Court Square Capital Partners

Acquisition Highlights
  • This is H.I.G. Private Equity’s 5th transaction in the Energy Services and Equipment sector.
  • This is H.I.G. Private Equity’s 211th transaction in the United States.
  • This is H.I.G. Private Equity’s 6th transaction in Utah.

M&A Deal Summary
Date 2022-05-26
Target Terra Millennium
Sector Energy Services and Equipment
Buyer(s) H.I.G. Private Equity
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co.
Evercore Group (Financial)
Dechert (Legal)

Target

Terra Millennium

Salt Lake City, Utah, United States
Terra Millennium is an Industrial Services business whose subsidiaries perform services from twenty-three locations in the United States and Canada. TMC services the power generation, refining, petrochemical, mining, solar, mineral processing, and steel industries nationwide. Terra Millennium was founded in 1987 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 319 of 369
Sector (Energy Services and Equipment) 5 of 6
Type (Secondary Buyout) 50 of 68
State (Utah) 6 of 6
Country (United States) 211 of 245
Year (2022) 11 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Valtris Specialty Chemicals

Independence, Ohio, United States

Valtris Specialty Chemicals is a manufacturer of specialty chemicals primarily used as additives in the production and processing of plastics. These chemicals impart critical attributes to plastics including resiliency, flame retardancy, and ease of processing. Valtris Specialty Chemicals was founded in 2014 and is based in Independence, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-03 Virutex Ilko

Santiago, Chile

Virutex Ilko provides disinfecting, cleaning, and kitchenware products in Latin America, with direct operations in Chile, Colombia, Peru, Argentina, and Mexico. Virutex Ilko is based in Santiago, Chile.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 52 of 56
Sector (Energy Services and Equipment) 3 of 3
Type (Secondary Buyout) 16 of 18
State (Utah) 1 of 1
Country (United States) 49 of 53
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Power Digital

San Diego, California, United States

Power Digital is a data-driven digital marketing agency, that offers services including: SEO, Content, Paid Media, Organic and Paid Social Media, PR, Influencer, Email, Conversion Rate Optimization, Migration, Amazon Marketing and Web Development, with an emphasis in helping brands scale revenue and increase profits through customer acquisition and retention programs. Power Digital was founded in 2012 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 West Coast Dental & Orthodontics

Los Angeles, California, United States

West Coast Dental is a provider of multi-specialty dental and orthodontic care primarily servicing the Southern Californian market. Through its 40 state-of-the-art dental care practices across the state of California, it provides the highest standard of care to over 425,000 patient visits each year using the latest technologies with a team of talented general dentists and specialists. West Coast Dental was formed in 1991 and is based in Los Angeles, California.

Buy -
Mergr

Product

Company

Legal