Announced
Completed
Financials
Tags
Domestic
storage tanks
Private Equity
industrial services
Single Bidder
Specialty Contracting
Friendly
Private
Majority
Completed
United States
Acquisition
Synopsis
Ara Partners, a private equity firm, completed a majority investment in Path Environmental Technology, an industrial services provider. Financial terms were not disclosed. "Our investment in Path reflects the decarbonizing, technology-enabled approach that the company brings to its blue-chip customer base. Path's differentiated approach utilizes automation to virtually eliminate the environmental impacts of carbon emissions and hazardous waste, while substantially limiting the hazardous condition labor requirements, creating an unmatched competitive advantage. We are excited to join Andrew White, Kelan McElduff, Barry Gordon and the employees of Path to build the platform, both organically and through strategic acquisitions," Troy Thacker, Ara Partners Managing Partner.
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