Deal Details

Groome Is Acquired by Ariel Alternatives

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Summary

About

For over 55 years, Groome has provided specialty maintenance solutions including patented kinetic cleaning, catalyst emissions control, industrial cleaning, mechanical services and industrial coatings nationwide. Groome proudly services several industries including natural gas-fired generation, refinery, shipping, manufacturing and aviation. As a proven industry leader focused on innovative methods and the future, Groome’s unique turnkey services reduce harmful emissions, improve plant performance and extend the life of valuable industrial equipment. With one of the nation’s widest service offerings and 21 locations throughout the U.S., Groome has clients covered no matter the industry or location. Groome is headquartered in Denville, New Jersey.

Argosy, founded in 1990, is a lower middle market private equity firm dedicated to growing and professionalizing U.S. manufacturing and business services companies, often family or founder owned. For over 30 years, Argosy has partnered with more than 135 investments, focusing on companies with $3 to $10 million of EBITDA and substantial potential to grow. Argosy manages a diverse portfolio across six funds and over $1.1 billion in assets under management as of June 30, 2025. Argosy is headquartered in Wayne, Pennsylvania.

Ariel Alternatives is a private asset management firm affiliated with Ariel Investments. The firm’s inaugural fund closed with $1.45 billion in committed capital from limited partners and co-investors and seeks to scale sustainable, market-leading businesses in high growth sectors serving Fortune 500 enterprises. Ariel Alternatives pursues a “demand-driven” investment strategy, targeting businesses that are “employers of choice” with market leading positions that can deliver meaningful innovation and value to customers. Ariel Alternatives is headquartered in New York, New York.

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