Terra Nova Solutions, Inc.

High Point, NC

About Terra Nova Solutions, Inc.

Company overview

Terra Nova Solutions is an environmental service provider with a diverse range of innovative offerings spanning several key areas: Sustainable Solutions: Terra Nova has been providing sustainable environmental solutions since its founding in 2005. These solutions encompass waste management, sustainability initiatives, and recycling programs, contributing to environmental responsibility. Total Waste Management: The company offers comprehensive waste management services, ensuring responsible and efficient disposal of various waste streams. Integrated Environmental Services: Terra Nova Solutions specializes in integrated environmental services, addressing a broad spectrum of environmental needs for its clients along the eastern coast. Operational Maintenance: The company provides operational maintenance services to businesses in the manufacturing, energy, transportation, and engineering sectors, ensuring smooth and efficient operations. Remediation Services: Terra Nova excels in remediation services, addressing environmental cleanup and restoration needs for diverse businesses. Industrial Services: The company owns a specialized fleet for safely transporting hazardous and non-hazardous materials, conducts tank cleaning, offers abrasive blasting, hydro-blasting, and more. Emergency Response: Terra Nova is equipped for rapid emergency response to various types of chemical and petroleum releases, helping mitigate environmental and cost impacts.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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