M&A Deal Summary

Ara Partners Acquires BioVeritas

On January 1, 2020, asset manager Ara Partners acquired chemicals company BioVeritas

Acquisition Highlights
  • This is Ara Partners’ 1st transaction in the Chemicals sector.
  • This is Ara Partners’ 6th transaction in the United States.
  • This is Ara Partners’ 4th transaction in Texas.

M&A Deal Summary

Date 2020-01-01
Target BioVeritas
Sector Chemicals
Buyer(s) Ara Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

BioVeritas

Bryan, Texas, United States
BioVeritas is a bio-based ingredients company that is commercializing a proprietary upcycling process. BioVeritas’ products have industry-leading efficacy and quality intended for innovative companies seeking natural solutions for food preservation, human and animal health, and industrial materials. BioVeritas is based in Bryan, Texas.

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Buyer(S) 1

Buyer
DESCRIPTION

Ara Partners Group is an alternative asset manager focused on control investments in the industrial, chemicals, materials, and energy sectors. The Firm looks to invest in and build companies that will benefit from the transition to sustainable energy. Ara Partners Group was formed in 2017 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 7 of 24
Sector (Chemicals) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 13
State (Texas) 4 of 6
Country (United States) 6 of 14
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Circulus

Houston, Texas, United States

Circulus utilizes cutting-edge technologies to transform olefin plastics into resins suitable for various commercial and industrial applications. Circulus is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 Path Environmental Technology

Houston , Texas, United States

Path Environmental Technology cleans above ground storage tanks ("ASTs") and rail tank cars using proprietary methods to reduce greenhouse gas emissions, waste generation and hazardous man hours. Path Environmental Technology was founded in 2014 and is based in Houston, Texas.

Buy -