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Energy-Focused Private Equity Firms Partner With Innovative Base Oil Company

WAYNE, PA and HOUSTON, TX, August 8, 2018 – Junction Energy Capital (“Junction”), a Houston-based private equity firm, and Ara Partners Group (“Ara Partners”), an alternative asset manager focused on the energy, industrial and infrastructure sectors, today announced a significant joint investment in Puralube, Inc. (“PURAGLOBE”), a technology platform with a proprietary process for producing high-quality base oils, using recycled oil as feedstock. Allied Resource Corporation (“Allied”), the founding shareholder, will maintain a substantial stake in PURAGLOBE alongside Ara Partners and Junction.