October 14, 2016 – WSJ Pro Private Equity – Court Square Capital Partners said it agreed to invest in industrial services business Terra Millennium Corp.
Court Square said the investment, the terms of which weren’t disclosed, will allow Terra Millennium “to accelerate key growth opportunities,” according to a news release.
Terra Millennium provides services to the power-generation, refining, petrochemical, mining, solar, mineral processing and steel industries in the U.S. and Canada. Founded in 1987, the Richmond, Calif., company employs more than 1,800 people. Wells Fargo Securities advised Terra Millennium on the transaction.
Court Square, which was spun out from Citigroup Inc. in 2006, manages more than $5 billion in capital commitments.
The New York firm, which targets North American companies with enterprise values of $150 million to $1.5 billion, is focused on four sectors: business services; general industrial; healthcare; and technology and telecommunications.
Source: WSJ Pro Private Equity