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Ara Partners completed a majority investment in Path Environmental Technology.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Domestic

storage tanks

Private Equity

industrial services

Single Bidder

Specialty Contracting

Friendly

Private

Majority

Completed

United States

Acquisition

Synopsis

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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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