Private equity firm Voyager Interests LLC said March 17 it has made a majority investment in Tejas Completion Services LLC. (Source: Shutterstock)
Services and equipment private equity firm Voyager Interests LLC said March 17 it has made a majority investment in Tejas Completion Services LLC, a privately-held firm in the Permian Basin.
As part of the transaction, Voyager’s Haynesville Shale portfolio company, VooDoo Energy Services, will be merged into Tejas in the transaction, Voyager said.
Financial terms were not disclosed.
Midland, Texas-based Tejas provides specialty pumping and complementary services, including acid and completion chemicals, mixing plant services and thru-tubing services. Tejas is currently the largest independent specialty pumping company in the country and operates approximately 50 pumping units, Voyager said in a press release.
The Tejas team, including COO Cody Trebing, is excited to partner with Voyager, said Tejas CEO TJ Dostal. “Their track record of supporting and building energy service businesses makes them an ideal partner for Tejas. This investment strengthens Tejas’ leadership as the premier provider of pump down and completion services in the oil and gas sector.”
David Watson, partner at Voyager, said Tejas “is poised for tremendous growth. We look forward to supporting Tejas in its next phase of expansion and innovation.”
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