Cascade Drilling acquires TerraTherm of Gardner
TerraTherm of Gardner has been acquired by Cascade Drilling, a national company with a regional office in Northborough.
With the acquisition, TerraTherm will deliver thermal remediation technologies more broadly and make use of organizational and technological changes to better serve its clients, according to a statement Tuesday from MassVentures, a venture capital firm that has provided backing for the Gardner-headquartered company.
"The team at TerraTherm is a fantastic example of what Massachusetts-based entrepreneurs can accomplish when working hard and utilizing the resources available to them in the community," Nick Pappas, vice president of Boston-based MassVentures, said in the statement.
"We didn't reach this milestone alone. From the beginning, as first-time entrepreneurs, MassVentures provided us with not only the financial backing but with the advice, connections and the guidance needed to succeed in the emerging market of thermal remediation technologies,” John Bierschenk, CEO and president of TerraTherm, said in the statement.
TerraTherm develops and implements on- and off-site thermal remediation of toxic contaminants.
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