Allegiance Capital represented Terra Contracting, a premier environmental remediation company, in their sale to Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the U.S. Terra Contracting is expected to generate approximately $45 million of service revenue with 15% EBITDA margins in the year following the sale. The acquisition of Terra Contracting will allow Great Lakes to expand its footprint in the Midwest and gain a stronger foothold in the environmental remediation market.
“I had talked to several investment bankers, but Allegiance was different. They fit into the six principles of integrity that guide our decisions at Terra. They were passionate about understanding our business, they trained us on the sales process and they were dedicated to us as a customer. The buyer Allegiance brought to us was also a great fit. Our philosophies were the same.”