Groome Industrial Service Group Acquires W-S Companies

Ariel Alternatives Acquires Groome Industrial Service Group from Argosy Private Equity

September 9, 2025

Industrial Services

Ariel Alternatives, with a minority co-investment from JPMorgan Chase & Co., has acquired Groome Industrial Service Group from Argosy Private Equity. The transaction gives Ariel a platform in energy and utility services — Groome operates more than 20 U.S. locations with ~900 employees and will leverage Ariel's industry relationships to pursue faster market-share growth and accretive acquisitions.

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.

Bessemer Investors Makes Strategic Investment in W Services Group

October 2, 2024

Industrial Services

Bessemer Investors has completed a significant growth investment in W Services Group, a Hauppauge, New York–based provider of vendor-managed facility maintenance services. The investment will partner with W Services' existing management (Founder & CEO Matthew Whelan remains in place) to support organic growth and strategic M&A; financial terms were not disclosed.

Industrial Service Group Acquires Georgia Western

April 2, 2021

Industrial Services

The Industrial Service Group (ISG), its industrial rotating equipment services platform, has acquired Georgia Western, a Kennesaw, Georgia-based provider of electric valve actuation parts, distribution and service. The deal was supported with subordinated debt and equity from Five Points Capital and completed in partnership with management, KCM Capital Partners, PNC Mezzanine Capital and LBC Credit Partners; Georgia Western's founders will remain involved in day-to-day operations.

Argosy Private Equity Acquires Richwood Industries

April 20, 2023

Manufacturing

Argosy Private Equity acquired Richwood Industries, a Grand Rapids-based manufacturer and distributor of composite panels, plywood, PolyBak backers, and related millwork products. Argosy partnered with Guy Boitos of Stone River Capital Partners to support Richwood’s growth plan, focusing on expanding product offerings, distribution services, and strategic marketing and pricing initiatives.