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
NextEra Energy Dials Up Solar as Power Demand Grows
2024-04-23 - NextEra’s renewable energy arm added about 2,765 megawatts to its backlog in first-quarter 2024, marking its second-best quarter for renewables — and the best for solar and storage origination.
RIC Energy Sells 20 MW of Solar Plants to Luminace
2024-03-04 - RIC Energy says the facilities are expected to provide 100% clean energy to more than 5,000 homes participating in the utilities’ community solar programs.
Could Concentrated Solar Power Be an Energy Storage Gamechanger?
2024-03-27 - Vast Energy CEO Craig Wood shares insight on concentrated solar power and its role in energy storage and green fuels.
Avangrid Begins Construction on its First California Solar Farm
2024-04-10 - Avangrid’s Camino Solar project will generate 57 megawatts of power, the equivalent of the power needs of about 14,000 U.S. homes.
US Geothermal Sector Gears Up for Commercial Liftoff
2024-04-17 - Experts from the U.S. Department of Energy discuss geothermal energy’s potential following the release of the liftoff report.