Right Lane Industries Acquires Majority Stake in TerraSource Global from Hillenbrand

Astec Industries Acquires Minority Stake in TerraSource Holdings from Hillenbrand

July 1, 2025

Manufacturing

Astec Industries has acquired Hillenbrand’s minority stake in TerraSource Holdings in a transaction valued at approximately $245 million. Hillenbrand received about $115 million from the sale, which it will use to pay down debt; the divestiture was completed July 1, 2025.

TerraSource Global Acquires Elgin Separation Solutions

January 12, 2023

Manufacturing

TerraSource Global, a manufacturer of material processing equipment and subsidiary of Right Lane Industries, has acquired Elgin Separation Solutions effective January 12, 2023. The acquisition adds Elgin’s liquid/solid separation, centrifuge and dewatering capabilities to TerraSource’s portfolio, expanding its offering across mining, recycling, water, food and oil & gas end markets.

Lone Star Funds Acquires Hillenbrand, Inc.

February 10, 2026

Manufacturing

An affiliate of Lone Star Funds has completed the previously announced all-cash acquisition of Hillenbrand, Inc. for an enterprise value of approximately $3.8 billion. The transaction takes Hillenbrand private (its common stock will be delisted) and Lone Star will partner with Hillenbrand's management to execute strategic growth and operational plans.

Rightsline Acquires RSG Media

September 12, 2024

Media & Entertainment

Rightsline, a global provider of rights and royalties management software, has acquired RSG Media from parent Naviga (Naviga Global). The acquisition brings RSG Media’s rights-management feature set, audience analytics, and global engineering talent into Rightsline to accelerate product roadmap, analytics and AI initiatives and expand Rightsline’s IP commerce capabilities.

MiddleGround Capital Acquires Shiloh Industries, Inc.

November 30, 2020

Manufacturing

MiddleGround Capital acquired a majority ownership stake in Shiloh Industries, Inc., a global designer and manufacturer of lightweighting solutions for the mobility (automotive) market. The transaction is a platform buyout to support Shiloh’s growth in lightweight materials and electrification technologies; Shiloh employs roughly 3,450 people and operates globally across Asia, Europe and North America.

H.I.G. Capital Acquires Terra Millennium Corporation

May 26, 2022

Industrial Services

H.I.G. Capital (through an affiliate) signed a definitive agreement to acquire Terra Millennium Corporation, a national provider of outsourced industrial maintenance services headquartered in Salt Lake City, Utah. The transaction — previously backed by Court Square Capital Partners — positions Terra Millennium to accelerate geographic expansion, broaden its service offerings and pursue add-on acquisitions under H.I.G.'s ownership; the deal was expected to close in Q2 2022.