On December 19, 2023, Vance Street Capital LLC announced the sale of Terra Insights to Orica for CAD $505 million. Terra Insights, a leader in sensor and data delivery technology for mining and infrastructure, is based in Vancouver, British Columbia. The deal is set to close in the first half of 2024.

Since Vance Street's investment in 2017 through Vance Street Fund II, Terra Insights has shown significant growth, tripling its revenue and expanding margins. This was achieved through new product development, commercial expansion, and strategic acquisitions. The sale to Orica marks the fifth realization for Vance Street Fund II.

Brian Martin, Managing Partner at Vance Street, praised Terra for exemplifying their strategy and commended CEO Mark Price and his team for transforming the company into a leading technology provider. Steve Sandbo, Partner at Vance Street, remarked on Orica as an ideal partner for Terra Insights' continued growth and technology development.

Mark Price acknowledged Vance Street's critical role in Terra Insights' success. Lazard served as the financial advisor for Terra Insights and Vance Street Capital. Legal advisories were provided by O'Melveny & Myers, Davies Ward Phillips and Vineberg for Terra Insights and Vance Street, and by Gilbert+Tobin for Orica. J.P. Morgan Securities Australia Limited also acted as a financial advisor for Orica.