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
EIA: NatGas Consumption, Led by Powergen, Set Records in 2023-’24
2024-12-13 - A spike in power generation demand is driving the U.S. to use natural gas, the Energy Information Administration reports.
TXO Announces 3 Tcfe NatGas Potential in San Juan Basin
2025-01-16 - TXO Partners plans to exploit a 3,520-acre play as Phase 1 development in the Mancos Shale.
NatGas Prices Jump on Forecast of Widespread Freeze
2024-12-30 - The National Weather Service predicts a mid-month, lingering cold snap for much of the U.S., prompting natural gas prices to increase by roughly $0.50 per MMBtu.
Chevron Inks 10-Year LNG Import Agreement with Sembcorp
2024-12-05 - Chevron and Sembcorp have agreed to a sale and purchase agreement to import up to 0.6 million tonnes per annum of LNG into Singapore.
EnCap Portfolio Company to Develop NatGas Hub with DRW Energy
2025-01-21 - EnCap Flatrock Midstream portfolio company Vecino Energy Partners LLC and DRW Energy Trading LLC will be developing an intrastate natural gas storage hub together.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.