LEETSDALE, PA / ACCESSWIRE / May 4, 2023 / J.T. Thorpe & Son, Inc. (JT Thorpe), a Terra Millennium Corporation subsidiary, is pleased to announce it has acquired the assets of Reftech International Corp. (Reftech).
Reftech is a leading industrial services contractor specializing in refractory installation and repairs across several end markets, with a strong presence in steel and chemicals.
“We are extremely excited to welcome the Reftech team into JT Thorpe. They bring expertise and a loyal customer base that is very complimentary to JT Thorpe. Reftech embraces the same philosophy that has made JT Thorpe successful for over 115 years which includes providing great safety, outstanding quality, and great value to each of their industrial customers,” explained Rich Giaramita, JT Thorpe’s CEO.
Anthony Sanniti, Reftech’s General Manager, will continue his career with JT Thorpe in a key senior role. “We are thrilled to be part of JT Thorpe, as their vast resources will allow us to even better serve our existing customers while also expanding our customer base,” explained Sanniti.
JT Thorpe is a leading nationwide industrial contractor with a strong reputation for safety, customer service, productivity, and problem solving. “Reftech embodies the culture and philosophy we value at JT Thorpe and I extend a warm welcome to all the Reftech employees, who are now valued members of the JT Thorpe family,” stated Giaramita.
About Terra Millennium Corporation
Terra Millennium Corporation (Terra Millennium), an H.I.G. Capital portfolio company, is a leading national provider of outsourced industrial maintenance services, including refractory design and maintenance, fireproofing, insulation, coatings, scaffolding and mechanical services. Founded in 1906 and headquartered in Salt Lake City, Utah, Terra Millennium is the parent company to three entities (i) JT Thorpe & Son, Inc., (ii) K&G Industrial Services, and (iii) Brahma Group Inc.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $55 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
SOURCE: J.T. Thorpe & Son, Inc.