Voyager Midstream Holdings LLC secured an initial capital commitment from Pearl Energy Investments for the acquisition and development of crude, natural gas and produced water infrastructure across North America.
Formed in 2023 by industry veterans Will Harvey, CEO, and Martin McHale, COO, Voyager is an independent midstream company headquartered in Houston and Midland, Texas. The amount of the commitment wasn't disclosed. Pearl typically targets opportunities between $25 million and $150 million of equity capital.
“We are thrilled to have a strong financial partner like Pearl as we build Voyager into a premier midstream business. We admire Pearl’s proven track record of successful partnerships and value creation in the energy industry,” said Harvey.
Harvey most recently oversaw strategic growth as the senior vice president of corporate development for Aris Water Solutions, an independent produced water midstream business in the U.S. McHale most recently was Oryx Midstream’s COO and oversaw the operational and engineering development of more than 1,400 miles of pipeline and terminal and storage assets across a 900,000-acre area.
“Will and Martin have been very successful during their tenure in the energy industry and both are well known and respected amongst their peers,” said Stewart Coleman, partner at Pearl. “We are excited to partner with them as they aggressively pursue the acquisition and development of strategic midstream infrastructure.”
Voyager was advised by Bracewell LLP and Sidley Austin LLP acted as legal counsel to Pearl.
Sidley's deal team consisted of Holt Foster, partner, energy, transportation and infrastructure; Jeremy Pettit, senior managing associate, energy, transportation and infrastructure; J.D. Swancoat, associate, M&A and private equity; and Zackary Pullin, partner, tax.
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