Junction Energy Capital and Ara Partners Invest in PURAGLOBE (Puralube, Inc.)
August 8, 2018
Houston-based private equity firms Junction Energy Capital and Ara Partners Group announced a joint investment in PURAGLOBE (Puralube, Inc.), a technology-driven base oil producer that uses recycled oil feedstock. Allied Resource Corporation, the founding shareholder, will retain a substantial stake alongside the new investors as PURAGLOBE expands operations in Germany and the United States.
- Buyers
- Junction Energy Capital, Ara Partners Group
- Targets
- PURAGLOBE (Puralube, Inc.)
- Sellers
- Allied Resource Corporation
- Industry
- Energy
- Location
- Pennsylvania, United States
- Transaction Type
- Growth capital
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