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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