Voyager Interests Acquires Aegion Coating Services
Gracie Gottlieb | 4 January, 2024
Voyager Interests, a Private Equity Firm, Expands Portfolio with Acquisition of Aegion Coating Services
Houston-based private equity firm, Voyager Interests, has recently announced its acquisition of Aegion Coating Services (ACS). Voyager specializes in investments in the energy services and equipment sector and this acquisition marks another strategic move for the firm. ACS, a global leader in field joint coating services, will now operate under the Voyager umbrella. The financial terms of the transaction have not been disclosed.
ACS, founded in 1979, is known for its expertise in the application of protective coatings to various pipelines, including natural gas, crude oil, potable water, and saltwater pipelines. Utilizing proprietary robotic tools, ACS provides field joint coating services to clients all over the world. Their operations span across the Middle East, South America, Asia, and other global regions.
The partnership between Voyager and ACS brings forth new opportunities for growth and expansion. Bryan Kirchmer, President of ACS, expressed his excitement about the partnership, stating that it will enable them to enhance their service offerings to their customers. Voyager's access to capital and growth mindset will undoubtedly contribute to ACS's future success.
Robert Trainer, a Partner at Voyager, expressed his admiration for ACS's technology, market reputation, and global reach. He believes that Voyager's resources and relationships will support ACS's management in achieving their growth plans. ACS's exceptional track record in the industry for over four decades serves as a testament to their commitment to excellence. Trainer is confident that together, Voyager and ACS will reach new heights of success.
Aegion Corporation, the parent company of ACS, acknowledges the hard work and dedication of the ACS team over the years. While they will be missed, Aegion is confident that the partnership with Voyager will benefit ACS in the long run. Rob Tullman, President & CEO of Aegion Corporation, expressed his gratitude towards the ACS team.
ACS, being the leading field joint coating service provider for pipelines globally, has successfully coated over three million joints of pipes since its inception. Their proprietary robotic tools enable them to apply field joint coatings on the internal and external sections of pipelines of various diameters both onshore and offshore. To learn more about ACS, visit their website at www.acscoatingservices.com.
Voyager Interests, based in Houston, Texas, specializes in investing in energy services and equipment (ES&E) companies worldwide. The firm has been particularly active in the sector, with six acquisitions already completed in 2021. Voyager is actively seeking new platform investments in ES&E companies with enterprise values up to $300 million. Their investment focus includes complex international carve-outs, recapitalizations, and growth equity investments. To learn more about Voyager Interests, visit their website at www.voyagerinterests.com.
Aegion Corporation, the parent company of ACS, is dedicated to maintaining, rehabilitating, and strengthening infrastructure globally. With a focus on innovative technologies, Aegion provides solutions for aging infrastructure, primarily in the wastewater and potable water industries. Their commitment to "Stronger. Safer. Infrastructure." has been at the core of their operations since 1971. To learn more about Aegion, visit their website at www.aegion.com.
In conclusion, Voyager Interests' acquisition of Aegion Coating Services represents an exciting milestone for both companies. The partnership between Voyager and ACS opens up new opportunities for growth and expansion in the energy services and equipment sector. With Voyager's resources and relationships, ACS is well-positioned to continue its legacy of excellence in the field joint coating services industry.
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