Ara Partners (Ara), a private equity firm that specializes in industrial decarbonization investments, has acquired Fluitron Inc.
Headquartered in Ivyland, Pennsylvania, Fluitron manufactures customized gas compression equipment such as diaphragm compressors, pressure vessels, and piston compressors for industrial gas and hydrogen applications, and provides aftermarket services including maintenance, repairs, and spare parts. Fluitron’s President, Anthony Chiccarine, and Vice President, Robert Chiccarine, will continue to lead Fluitron under Ara’s ownership.
Ara and its management team plan to build Fluitron into a global integrated hydrogen infrastructure platform.
“We believe in hydrogen’s potential to decarbonize multiple industries, and Fluitron will play a key role in the energy transition,” said Tuan Tran, a partner at Ara. “Fluitron has an exceptional track record of providing high-quality compression equipment and services to its global array of customers, and its expertise in diaphragm compressors positions it to take advantage of the demand for secure, high-pressure compression needs for hydrogen dispensing and storage infrastructure.”
