Ubuntu :: Awk Not Except It Specializes In Filtering?

I did a recursive search using grep in a list of files for lines containing a specific word. It brought everything up ok but now I need to filter it out and print the results to a file with

* Path Name
* A section of the line

The path ends in a colon and after it could be any number of words, spaces, and punctuation which the one phrase I need being somewhere in there - I need the phrase to be filtered out and merged with the path like this

"path/to/file: phrase"

I'm guessing awk is the best way to do this but I don't know anything at all about awk except it specializes in filtering.