HOUSTON--(BUSINESS WIRE)--Voyager Interests (“Voyager”), a private equity firm specializing in investments in the energy services and equipment sector, today announced its acquisition of Aegion Coating Services (“ACS” or the “Company”) from Aegion Corporation (“Aegion”). Founded in 1979, ACS is the global leader in field joint coating services through the use of proprietary robotic tools that apply protective coatings to internal and external segments of natural gas, crude oil, potable water and saltwater pipelines. The Company provides its services throughout the Middle East, South America, Asia and other geographies globally. Financial terms of the transaction were not disclosed.
“This partnership with Voyager presents an exciting 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,” said Bryan Kirchmer, President of ACS.
“We are very impressed with ACS’ 300+ employees, technology, market reputation and global reach, and believe that Voyager’s resources and relationships can help fuel ACS management’s growth plans,” said Robert Trainer, Partner at Voyager. “ACS has a proven 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.”
“On behalf of Aegion, I would like to thank the ACS team for their hard work and dedication over the years,” noted Rob Tullman, President & CEO, Aegion Corporation. “Although the ACS team will be missed, we are confident that the partnership with Voyager will benefit ACS over the long-term.”
ACS is the leading field joint coating service provider for pipelines globally. ACS provides its services through proprietary robotic tools that apply field joint coatings on the internal and external sections of pipelines at various diameters both onshore and offshore. ACS was founded in 1979 and has successfully coated over three million joints of pipe globally. Learn more online at www.acscoatingservices.com.
Voyager Interests, based in Houston, Texas, is a specialized private equity firm that invests in energy services and equipment (“ES&E”) companies across the world. Voyager is the most active private equity firm in the sector, with six acquisitions consummated since 2021. The firm is seeking new platform investments with enterprise values up to $300 million across a range of transaction types, including complex international carve-outs, recapitalizations and growth equity investments. Learn more online at www.voyagerinterests.com.
Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the Company has played a pioneering role in rehabilitation solutions for aging infrastructure, primarily pipelines in the wastewater and potable water industries. Aegion is committed to Stronger. Safer. Infrastructure.® Learn more online at www.aegion.com.