Polaris Laboratories, an Indianapolis, Indiana-based fluid analysis company, received a strategic investment from Riverspan Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to consolidate its position as the independent global player in maintenance and reliability condition monitoring services.
Led by CEO Bryan Debshaw, Polaris Laboratories is an independent fluid analysis company specializes in testing and analyzing oils, diesel fuels, coolants, and greases to provide maintenance recommendations that reduce maintenance costs, improve equipment reliability, and minimize unscheduled downtime for customers in the industrial, off-highway, back-up power, transportation, midstream oil and gas, mining, and marine industries.
FinSMEs
09/10/2024