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Direct Investment  + Alternative Assets  + M&As  + Real Assets  |  January 5, 2024
Ara Partners Takes Majority Stake in USD Clean Fuels
Joe Palmisano
By: Joe Palmisano

Ara Partners Takes Majority Stake in USD Clean Fuels

Ara Partners, a private equity and infrastructure firm focused on industrial decarbonization investments, has acquired a majority stake in USD Clean Fuels (USDCF) LLC, a Houston, TX-based developer of terminal infrastructure for renewable fuel feedstocks and biofuels.

Financial details of the transaction were not provided.

The deal involves the acquisition of the West Colton Rail Terminal, an operational biofuels terminal in California. Ara has also pledged additional funds to back significant expansion of USDCF’s footprint.

“We have high conviction that the green molecules economy – whether it’s renewable fuel feedstocks or biofuels – offers disproportionate opportunity for returns and impact,” said George Yong, partner and co-head of infrastructure at Ara Partners.

Ara Partners had approximately $5.6 billion of assets under management as of the end of September 2023.

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Ara PartnersUSD Clean Fuels

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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