An affiliate of HIG Capital (HIG), a global alternative investment firm with over $49 billion of equity capital under management, is to acquire Terra Millennium Corporation (Terra Millennium), a national provider of outsourced industrial maintenance services, including refractory maintenance and other specialised services, from Court Square Capital Partners.
Terra Millennium’s executive team, led by CEO Bryan Young, will continue to lead the Company, and remain as significant shareholders. Executive Chairman Mark Stutzman will continue as a non-executive board member and significant shareholder.
The transaction, which is expected to close in Q2 2022, is subject to customary closing conditions.
