Allegiance Capital Facilitates Terra Acquisition
Allegiance Capital Corporation, a Dallas-based private M&A investment bank specializing in the lower middle market, announced on February 1 that it has facilitated the acquisition of its client Terra Contracting, LLC, by Great Lakes Dredge & Dock Corporation. Allegiance Capital Corporation acted as the exclusive financial advisor to Terra Contracting, LLC.
Headquartered in Kalamazoo, MI, Terra Contracting, LLC is a an environmental contracting company that provides a wide range of services that include soil, water and sediment remediation; 24-hour environmental response; industrial cleaning; municipal services; abatement services; hazardous waste removal; and other related services. Terra has developed particular expertise in the area of sediment removal and remediation on major river projects.
“Allegiance Capital was pleased to represent Terra Contracting, LLC in this transaction. There are powerful synergies in combining these two fine companies and we see these as a winning strategy for everyone,” commented John R. Sloan, vice chairman at Allegiance Capital Corporation.