Private equity firm Ariel Alternatives has acquired Front Line Power Construction, a minority-owned electrical contractor based in the United States. The deal includes Cherokee Nation Businesses as a minority co-investor, marking a significant partnership between the private equity firm and tribal enterprise.

Front Line Power Construction specializes in electrical infrastructure projects, serving utilities and commercial clients across multiple states. The acquisition aligns with Ariel Alternatives' mission to build scalable businesses led by people of color, with a focus on infrastructure and industrial services. Financial terms of the transaction were not disclosed.

The investment underscores growing interest in minority-owned businesses within the private equity sector. Ariel Alternatives, founded by former Ariel Investments executives, has been actively seeking opportunities to support diverse-led companies with growth capital and operational expertise.