OUR SUCCESS STORIES
Back in 2000 John Bierschenk and Ralph Baker obtained the rights to an on-site thermal remediation solution from the University of Texas at Austin to clean up contaminated soil. It was a new solution fueled by interest in toxic site clean-up from the federal government and the private sector. The Gardner, MA company needed cash for capital equipment and commercialization of the innovative technology developed by Shell Oil Company and turned to MassVentures.
“From the beginning we knew we couldn’t grow our business on our own. We were scientists and first-time entrepreneurs that needed funding and guidance. When MassVentures made the decision to fund us, they were the perfect partner that provided us not only with the needed financial backing but with the advice, connections and the guidance critical to succeed in the emerging market of thermal remediation technologies,” states John Bierschenk, CEO and President of TerraTherm. “Government support of our organization was crucial to our success. In addition to the MassVentures funding, we worked with Wachusett Community College to obtain State job training grants to improve employee performance and skill levels. We also received city support for facility improvement and a 67,500 sq. ft. office build-out. This allowed for hiring additional people within the community of Gardner and the expanded facility supported the viability of the city sponsored office park. It’s great to see our government at work to help us succeed in the central part of the state.”
The company expanded over the next 15 years and managed projects across the globe. Then in 2015, TerraTherm was acquired by Cascade Drilling. The acquisition is evidence that with the right support, technology and patience, ground breaking research can lead to a commercially viable company. The funds MassVentures received from the acquisition will be used to further fuel the technology industry and economic development across the Commonwealth.
“MassVentures was an invaluable resource from the beginning that remained patient, provided the right level of engagement to help us scale and helped deliver a fantastic outcome for the team.”
TerraTherm, Inc. is a worldwide leader in the development and implementation of in situ and on‐site thermal remediation of toxic contaminants. TerraTherm designs, builds and operates projects from concept to closure, using Thermal Conduction Heating (TCH), Steam Enhanced Extraction (SEE), Electrical Resistance Heating (ERH), and combinations of the technologies above. With offices in Massachusetts and California, and sub licensees such as Krüger A/S (eight European countries), they offer services worldwide. For more information, visit www.terratherm.com.