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Junction Energy Capital, Ara Partners Invest In PURAGLOBE

Houston, TX PE shop Junction Energy Capital and Ara Partners Group today announced a significant joint investment in Wayne, Pennsylvania-based PURAGLOBE, a technology platform with a proprietary process for producing high-quality base oils, using recycled oil as feedstock. Rob Johnson, a Partner at Junction Capital, commented, "PURAGLOBE fits well within our portfolio of speciality downstream energy assets and benefits from strong tailwinds as regulatory drivers and consumer preferences support increased demand for Group III base oils. PURAGLOBE is well-situated to capitalise on these market opportunities given the quality of its products and strength of its management team, led by CEO Andreas Schueppel." "PURAGLOBE's focus on sustainability...