Voyager Interests (“Voyager”), a private equity firm specializing in investments in the energy services and equipment sector, 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.”
