{"id":10369,"date":"2025-05-29T13:32:47","date_gmt":"2025-05-29T13:32:47","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=10369"},"modified":"2025-05-29T13:32:49","modified_gmt":"2025-05-29T13:32:49","slug":"terrasource-holdings-sold-to-astec-industries","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2025\/05\/29\/terrasource-holdings-sold-to-astec-industries\/","title":{"rendered":"TerraSource Holdings sold to Astec Industries"},"content":{"rendered":"
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Right Lane Industries, a privately-held industrial-holding company focused on \u201ccorporate carve-outs and other complex transactions,\u201d said that it has signed an agreement to sell TerraSource Holdings to Astec Industries for a purchase price of $245 million.<\/p>\n\n\n\n

Right Lane acquired a 51% interest in TerraSource from Hillenbrand in October 2021, and worked to enhance the scale, profitability and competitiveness of the company. It combined an aligned management team with targeted operational improvements and transformative acquisitions to create an attractive global business with significant growth prospects.<\/p>\n\n\n\n

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\u201cWe are proud of what we achieved together at TerraSource,\u201d said Eric Mara, Right Lane\u2019s chief executive officer. \u201cThis transaction showcases the strength of our entrepreneurial management style, operational playbook and partnership approach, particularly in complex carveout scenarios. We look forward to applying our model to similar opportunities in the future, creating significant value through close collaboration with our partners, counterparties, and management teams.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Kim Ryan, CEO of Hillenbrand, added, \u201cThe partnership with Right Lane was the right choice for us and has positioned TerraSource very well for continued growth. We are confident that TerraSource will continue to flourish under Astec\u2019s ownership, and we wish them every success.\u201d<\/p>\n\n\n\n

TerraSource CEO Kevin Hambrice said, \u201cCongratulations to our exceptional colleagues at TerraSource, Right Lane and Hillenbrand for this successful collaboration. The transformation journey has been remarkable, and I\u2019m confident our partnership with Astec will enable us to continue our extraordinary trajectory, further enhance our market leadership, and deliver exceptional products and services to our customers.\u201d<\/p>\n\n\n\n

The transaction is expected to close by July 1, following receipt of customary regulatory approvals and other normal closing conditions. Key Banc Capital Markets advised TerraSource on the transaction, and Taft served as legal counsel.<\/p>\n\n\n\n

TerraSource is a manufacturer of material processing equipment and related aftermarket parts and rebuilds serving feeding, crushing, screening and separation applications in diverse, global end markets.<\/p>\n\n\n\n

Astec provides innovative rock-to-road solutions. Operations are divided into two primary business segments: Infrastructure Solutions and Materials Solutions. The latter includes material processing solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Right Lane Industries, a privately-held industrial-holding company focused on \u201ccorporate carve-outs and other complex transactions,\u201d said that it has signed an agreement to sell TerraSource Holdings to Astec Industries for a purchase price of $245 million. Right Lane acquired a 51% interest in TerraSource from Hillenbrand in October 2021, and worked to enhance the scale, profitability and competitiveness of the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[3719,3841,3842],"coauthors":[1644],"class_list":["post-10369","post","type-post","status-publish","format-standard","hentry","category-the-headlines","tag-astec-industries","tag-right-lane-industries","tag-terrasource-holdings"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t