Key Takeaways
- • Crescentia Capital has exited its investment in Terra Nova Solutions through an acquisition by Clean Harbors, Inc., representing a successful platform exit after eight years of value creation and add-on acquisition strategy.
- • Terra Nova expanded from a single facility in High Point in 2018 to five permitted facilities across North and South Carolina, completing three strategic acquisitions to build a vertically integrated hazardous and non-hazardous industrial waste provider.
- • The company employs over 100 people and operates a network of Centralized Waste Treatment (CWT) facilities, serving a diversified customer base of industrial, manufacturing, and utility clients across the Southeast.
- • Clean Harbors' acquisition strengthens its industrial waste platform in the Southeast region, leveraging Terra Nova's established geographic footprint, operational infrastructure, and long-standing customer relationships.
- • Crescentia's value creation strategy included organic growth initiatives, senior leadership team development, and scalable infrastructure implementation alongside accretive M&A activity.
Summary
Crescentia Capital announced on May 16, 2026, the sale of its portfolio company Terra Nova Solutions to Clean Harbors, Inc. The transaction marks the exit of Crescentia's eight-year investment thesis focused on building a leading vertically integrated hazardous and non-hazardous industrial waste provider in the Southeast region.
Crescentia formed Terra Nova in 2018 by acquiring Zebra Environmental, establishing a single-facility operation in High Point as the platform foundation. Over the subsequent eight years, the firm executed a structured value creation plan combining organic growth with strategic add-on acquisitions. Terra Nova completed three acquisitions across North and South Carolina that expanded its geographic footprint, deepened service offerings, and built out end-disposal capabilities through a network of permitted Centralized Waste Treatment facilities.
The company today operates five facilities across North and South Carolina and employs more than 100 people. Terra Nova's service portfolio encompasses hazardous and non-hazardous waste treatment, transportation, solidification, and a comprehensive suite of field services including vacuum services, tank cleaning, and emergency response capabilities. The company serves a diversified, long-standing customer base across industrial, manufacturing, and utility sectors throughout the Southeast.
Beyond acquisition strategy, Crescentia invested in organizational infrastructure, building out the senior leadership team and implementing scalable systems to support enterprise growth. Clean Harbors' acquisition reflects the strategic value of Terra Nova's operational platform, customer relationships, and regional positioning within the broader industrial waste management market.
Crescentia formed Terra Nova in 2018 by acquiring Zebra Environmental, establishing a single-facility operation in High Point as the platform foundation. Over the subsequent eight years, the firm executed a structured value creation plan combining organic growth with strategic add-on acquisitions. Terra Nova completed three acquisitions across North and South Carolina that expanded its geographic footprint, deepened service offerings, and built out end-disposal capabilities through a network of permitted Centralized Waste Treatment facilities.
The company today operates five facilities across North and South Carolina and employs more than 100 people. Terra Nova's service portfolio encompasses hazardous and non-hazardous waste treatment, transportation, solidification, and a comprehensive suite of field services including vacuum services, tank cleaning, and emergency response capabilities. The company serves a diversified, long-standing customer base across industrial, manufacturing, and utility sectors throughout the Southeast.
Beyond acquisition strategy, Crescentia invested in organizational infrastructure, building out the senior leadership team and implementing scalable systems to support enterprise growth. Clean Harbors' acquisition reflects the strategic value of Terra Nova's operational platform, customer relationships, and regional positioning within the broader industrial waste management market.
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