Ariel Alternatives completed the acquisition of Groome Industrial Service Group from Argosy Private Equity.

Ariel Alternatives, a private asset management firm, completed the acquisition of Groome Industrial Service Group, a nationwide provider of specialty maintenance services, from Argosy Private Equity, a private equity firm. Financial terms were not disclosed. “This milestone marks a new chapter for Groome Industrial Service Group. On behalf of the management team, we could not be more confident that Ariel Alternatives is the right partner to help us unlock our full potential. With access to their operating advisors, deep industry relationships and significant backing to pursue accretive acquisitions, we are excited by the opportunities ahead. This investment underscores our shared commitment to accelerating growth while staying true to our mission of delivering unique, turnkey solutions for our customers,” Jeff Bause, Groome Industrial Service Group President and Chief Executive Officer.