Ariel Alternatives Acquires Groome Industrial Service Group from Argosy Private Equity

Groome Industrial Service Group Acquires W-S Companies

January 19, 2024

Industrial Services

Groome Industrial Service Group (an Argosy Private Equity portfolio company) acquired W-S Companies, a veteran-owned industrial and mechanical services provider headquartered in Council Bluffs, Iowa. Seacoast Capital and Ironwood Capital provided subordinated debt and co-investment capital to support the acquisition alongside Argosy and existing investors; Bridgepoint advised W-S on the sale.

Groome Industrial Service Group (Argosy) Acquires Expro Services / Explosive Professionals (ExPro)

September 7, 2021

Industrial Services

Groome Industrial Service Group, an Argosy Private Equity portfolio company, acquired Expro Services, Inc. (also referenced as Explosive Professionals, Inc./ExPro), a Kentucky-based specialist in explosive boiler and HRSG cleaning. The add-on deal expands Groome's industrial maintenance capabilities, creates cross-selling opportunities in power generation and petrochemical markets, and enables penetration into the waste-to-energy sector.

Groome Industrial Service Group Acquires Blasting Solutions, Inc.

March 28, 2023

Industrial Services

Groome Industrial Service Group, a portfolio company of Argosy Private Equity, has acquired Blasting Solutions, Inc. (BSI), a Syracuse, Utah-based provider of controlled explosive blasting services for boiler deslagging. The add-on expands Groome's capacity and west coast footprint and strengthens its service offering into coal-fired and biomass power plant markets while supporting demand for its KinetiClean HRSG/tube-cleaning service.

MTN Capital Partners and Argosy Private Equity Acquire Global Power Products

January 13, 2022

Manufacturing

MTN Capital Partners and Argosy Private Equity acquired AM-GPP Holdings, LLC d/b/a Global Power Products on December 30, 2021, in partnership with the company’s founders. The investment will provide capital and operational support to expand GPP’s product development and marketing efforts across its commercial, industrial and residential end markets.

Pritchard Industries Acquires Majority Interest in Global Industrial Services

December 14, 2020

Industrial Services

Pritchard Industries, a portfolio company of A&M Capital Partners II, has acquired a majority interest in Global Industrial Services, Inc., a regional provider of janitorial, snow removal and landscaping services headquartered in Syosset, New York. The transaction broadens Pritchard’s exterior services capability and expands its geographic footprint (including entry into Pennsylvania), strengthening the platform’s presence in the Northeast, Midwest and Mid-Atlantic.

Ariel Alternatives Acquires Majority Stake in Sorenson

April 4, 2022

Telecommunications

Ariel Alternatives, LLC has acquired a 52.5% majority stake in Sorenson at an enterprise valuation of $1.3 billion, with existing shareholders (including Blackstone Credit, a Franklin Mutual Advisers fund, and private credit accounts managed by KKR) retaining minority stakes. The investment will support expansion of Sorenson's accessible communication products and platforms for Deaf and hard-of-hearing communities globally, while bringing new leadership and board expertise to accelerate product, security, and regulatory capabilities.