Ara Partners teams with HF Capital on $725M decarbonization fund

In Massachusetts, Ara Partners, a global private equity and infrastructure firm that is decarbonizing the industrial economy, announced the launch of a new strategy, Ara Energy Decarbonization, to decarbonize conventional energy assets across North America.

Ara Energy Decarbonization is being launched in partnership with the Haslam family through its family office, HF Capital. The Haslam family, who founded and built the Pilot Company into North America’s largest travel center and transportation fuel business, will be a partner with Ara in building the strategy. HF Capital has committed up to $725 million to Ara’s strategies with an objective to acquire, optimize operations and decarbonize energy businesses and assets across North America.