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Ariel Alternatives Completes Acquisition of Groome Industrial Service Group

1. JPM made a minority co-investment in Groome acquisition. 2. This positions JPM in specialty industrial services sector.

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FAQ

Why Bullish?

JPM's minority investment in Groome demonstrates strategic diversification, potentially enhancing revenue streams. Historically, similar co-investments have bolstered JPM's market performance.

How important is it?

The acquisition signifies JPM's strategic interests and expands its investment footprint, which may positively influence confidence among investors.

Why Long Term?

This investment aligns with JPM's long-term strategy in industrial markets, which can yield sustained benefits over time.

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ARGYGROO
NEW YORK--(BUSINESS WIRE)--Private investment firm Ariel Alternatives, LLC today announced the acquisition of Groome Industrial Service Group (“the Company” or “Groome”), a leading provider of specialty maintenance solutions serving power generation, diversified heavy industrial and municipal end markets, from Argosy Private Equity. JPMorgan Chase & Co. (NYSE:JPM) made a minority co-investment alongside Ariel Alternatives, through its asset management division. Terms of the transaction were.

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