Ara Partners Acquires Fluitron To Build Global Platform Of Hydrogen Infrastructure Solutions
Industrial decarbonization focused private equity firm Ara Partners has acquired Fluitron Inc., a manufacturer of industrial gas compression and dispensing equipment, including diaphragm compressors, pressure vessels, and other specialized products. Fluitron's President, Anthony Chiccarine, and Vice President, Robert Chiccarine, will continue to lead Fluitron under Ara's ownership; Ara and the management team plan to build Fluitron into a global integrated hydrogen infrastructure platform.
"We believe in hydrogen's potential to decarbonize multiple industries, and Fluitron will play a key role in the energy transition," said Tuan Tran, a Partner at Ara Partners. "Fluitron has an exceptional track record of providing high-quality compression equipment and services to its global array of customers, and its expertise in diaphragm compressors positions it to take advantage of the demand for secure, high-pressure compression needs for hydrogen dispensing and storage infrastructure. Tony and Bob are well-respected veterans of the compression industry, and we are confident that Fluitron will continue expanding at a rapid pace under their continued leadership."
"We're very impressed by the business that Tony and Bob have built and the high degree of customer satisfaction they've been able to maintain in both compression sales and aftermarket services," added James Wang, Principal at Ara Partners. "Fluitron has extremely talented and hard-working employees, and the Company's collaborative and innovative culture sets them apart from their peers."
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