James Spengler, president and CEO of Osmose, will continue to serve in the same capacity along with Osmose's existing management team.
"Osmose has built very strong brand recognition and a solid reputation for innovative products and services, excellent customer service, best in class safety performance and good growth prospects across all its business segments, which attracted Oaktree to seek a partnership with management to pursue strategic growth plans. Oaktree can provide substantial additional resources and is committed to investing in Osmose to help us expand our product and service offerings and to better meet and exceed our customers' expectations," said Spengler.
"We are delighted to have the opportunity to invest in Osmose and to provide the company with additional resources and capabilities to expand its product and service offerings, invest in additional research and development and deliver superior customer service," said Ian Schapiro, managing director of Oaktree's GFI Energy Group. "We look forward to working with Osmose's world-class management team to continue to build on the company's success."