Voyager Interests, a Houston private equity firm specializing in investments in the energy services and equipment sector, has acquired Tulsa, Oklahoma-based Aegion Coating Services (ACS), according to a Jan. 4 press release.
Financial terms for the transaction were not disclosed.
ACS is a global leader in field joint coating services, using robotics to apply protective coatings to internal and external segments of natural gas, crude oil, potable water and saltwater pipelines, Voyager said. ACS’ services are used throughout the Middle East, South America and Asia.
Robert Trainer, partner at Voyager, said ACS has established a track record of “excellence in the industry for more than 40 years. We are thrilled to welcome them into the Voyager family and are confident that, together, we will achieve new heights of success.”
Bryan Kirchmer, president of ACS, said the partnership with Voyager presents an new chapter for ACS, “where we have access to capital and a growth mindset that will enable us to provide an enhanced service proposition to our customers.”
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Marathon Oil Declares 1Q Dividend
2024-04-26 - Marathon Oil’s first quarter 2024 dividend is payable on June 10.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.