Junction Energy, Ara Partners invest in Puraglobe

Junction Energy Capital and Ara Partners Group said Aug. 8 that they jointly invested in Puralube Inc, known as Puraglobe. Financial terms weren’t announced. Allied Resource Corp, the founding Paralube shareholder, will maintain a stake. Puraglobe, of Wayne, Pennsylvania, produces base oils, using recycled oil as feedstock. Riverside Management Group LLC and Triple A Partners LLC advised Puraglobe.

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