News

Knight Energy Services Acquires Platinum Pipe Rentals

June 05, 2023

HOUSTON, TEXAS -- Knight Energy Services (“Knight”), a portfolio company of Voyager Interests (“Voyager”), today announced its acquisition of Platinum Pipe Rentals (“Platinum”). Platinum, headquartered in Odessa, Texas, is a leading drill pipe and tubing rental operation focused on the Permian Basin and the Eagle Ford Shale. Financial terms of the transaction were not disclosed.

“The Platinum team and I are thrilled to be partnering with Knight. The combination of our people, assets, footprint and business lines will enable us to deliver a stronger service proposition to our customers,” said Mickey Padilla, President and Founder of Platinum. “We are excited to be a part of a company with a broader product line and national presence.”

Dwight Gross, Chief Executive Officer and President of Knight said, “Today is an extremely exciting day for Knight. Combined with Platinum, we believe Knight has the largest fleet of rental drill pipe and tubing in the nation, in addition to an expansive fleet of drilling jars, BOPs, tubular handling equipment and other downhole rental tools. We have operations in every key basin and as a result of Platinum’s presence in the Permian, we are now a real force in the most active oil and gas region in the country. I have admired what Mickey and his group have built for years and am excited we are now on the same team. Mickey will be a part of the senior executive staff and will be a fellow shareholder and Board member of Knight. We are thrilled to have him, and also welcome the entirety of his best-in-class team to the Knight family.”

The combined business will have 18 locations across the country, with a fleet of more than 200,000 pieces of rental tools and equipment, including more than 7 million feet of drill pipe and tubing. Knight will remain headquartered in Houston, and Permian operations will be consolidated into Platinum’s world-class facility in Odessa.

ABOUT PLATINUM

Headquartered in Odessa, Texas with a facility in Devine, Texas, Platinum is a leading provider of premium drill pipe and tubing rental services in west Texas. Learn more online at www.platinumpiperentals.com.

ABOUT KNIGHT

Headquartered in Houston, Texas and with 16 locations across the U.S., Knight specializes in serving the upstream oil and gas industry by providing a range of rental products for drilling, completion, production and decommissioning applications, including drill pipe, tubing, tubular handling equipment, pressure control equipment and drilling jars. Learn more online at www.ke.services.

ABOUT VOYAGER

Voyager Interests, based in Houston, Texas, is a specialized private equity firm that is committed to investment in middle market energy service and equipment companies. Voyager has consummated five oilfield service investments in the past two years. The firm is actively seeking new platform investments with enterprise values up to $300 million, and also plans to invest in add-on acquisitions for existing portfolio companies. Learn more online at www.voyagerinterests.com.

Voyager Interests Acquires Knight Energy Services

November 03, 2022

HOUSTON, TEXAS -- Voyager Interests (“Voyager”), today announced its acquisition of Knight Energy Services (“Knight” or the “Company”) from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”). Knight, headquartered in Houston, Texas, is one of the largest rental tool companies serving the U.S. oil and gas industry.

The Company provides a complete range of rental products for drilling, completion, production and decommissioning applications, including drill pipe, tubing, tubular handling equipment, pressure control equipment and drilling jars. Financial terms of the transaction were not disclosed.

“I am thrilled to partner with Voyager to continue building Knight into the preeminent rental tool company in North America. We have the people, the fleet, the footprint and the capabilities to do just that. In partnering with Voyager, we will continue to build Knight organically and through acquisitions and my team could not be more excited,” said Dwight Gross, Chief Executive Officer and President of Knight. “We thank Clearlake for their partnership and support as we conclude this chapter and look forward to our next phase of growth.”

“Knight has been a recognized industry name for more than 50 years, and I have admired the Company and its reputation my entire career. We look forward to contributing however we can to Knight’s growth and success,” stated David Watson, Managing Partner of Voyager.

“We have greatly enjoyed working with Dwight and the entire Knight Energy management team, and would like to thank all of the Company’s employees, customers, and stakeholders for their partnership over the past years. We wish the Company continued success as they embark on this next chapter,” said José E. Feliciano, Co-Founder and Managing Partner of Clearlake.

ABOUT KNIGHT

Headquartered in Houston, Texas and with 17 locations across the U.S., Knight specializes in serving the upstream oil and gas industry by providing a complete range of rental products for drilling, completion, production and decommissioning applications, including drill pipe, tubing, tubular handling equipment, pressure control equipment and drilling jars. Learn more online at www.ke.services.

ABOUT VOYAGER

Voyager Interests, based in Houston, Texas, is a specialized private equity firm that is committed to investment in middle market energy services and equipment companies. With three platform oilfield service investments (four including add-ons) acquired in the past 15 months, we believe Voyager is the most active private equity firm in the sector today. The firm is actively seeking new platform investments with enterprise values up to $100 million, and also plans to invest in add-on acquisitions for existing portfolio companies. Voyager’s limited partner base is comprised primarily of Texas family offices and experienced energy entrepreneurs, which provide significant flexibility in the firm’s investments. Learn more online at www.voyagerinterests.com.

ABOUT CLEARLAKE

Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland.

VooDoo Energy Services, Largest Provider Of Specialty Pumping Services In The Haynesville Shale, Recapitalized By Voyager Interests

May 03, 2022

SHREVEPORT, LA -- VooDoo Energy Services (“VooDoo” or the “Company”) today announced its recapitalization by an affiliate of Voyager Interests, a Houston private equity firm focused on the energy services and equipment sector. Headquartered in Shreveport, Louisiana, VooDoo is the largest specialty pumping service provider in the Haynesville Shale. Driven in part by its proximity to Gulf Coast LNG export facilities, natural gas production in the Haynesville is expected to materially increase over the next several years. The Company also provides its services to customers throughout Texas, New Mexico and Oklahoma.

VooDoo has 23 pumping units capable of providing services for applications such as “defensive/offset frac,” pumpdown, toe preparations, and acid treatments. The Company also has acid and fluid transports that complement its pumping business line.

Kyle Greemon, Founder and Chief Executive Officer of VooDoo said, “We are excited to partner with Voyager, which enables VooDoo to embark on a new phase of growth for the company, our employees and our customers. Voyager’s capital and industry expertise are just what we need to take our business to the next level.”

“Kyle, Randy and the team they have assembled have the operations experience, customer orientation and work ethic to execute at the highest level. Coupled with a unique market opportunity driven by a world that clearly needs a secure supply of clean natural gas and LNG, we believe VooDoo is positioned for tremendous success in the Haynesville and beyond,” stated David Watson, Managing Partner of Voyager.

ABOUT VOODOO

Headquartered in Shreveport, Louisiana, VooDoo is the largest specialty pumping business in the Haynesville Shale, providing services for applications such as defensive/offset frac, pumpdown, toe preparations, and acid treatments. Learn more online at www.voodooenergyservices.com.

ABOUT VOYAGER

Voyager, based in Houston, Texas, is a specialized private equity firm that is committed to investment in lower middle market energy services and equipment companies. Voyager’s limited partner base is comprised primarily of experienced energy entrepreneurs and family offices, not endowments and institutional money management firms like many private equity firms. The firm’s industry focus and source of capital provide significant flexibility in structuring a transaction. Learn more online at www.voyagerinterests.com.

Voyager Portfolio Company Lee Specialties Merges With Nexus Energy Technologies

December 01, 2021

RED DEER, CANADA -- Voyager’s portfolio company, Lee Specialties, has announced its merger with Nexus Energy Technologies. The combined company, NXL Technologies, Inc. (“NXL”), will create the leading global wireline and coiled tubing pressure control equipment manufacturer, providing sales, rental, service and repair of proprietary blowout preventers, remote well connection devices, accumulators, lubricators, electric-powered wireline skids and ancillary equipment to the energy sector. For more information, please see the press release here: https://www.businesswire.com/news/home/20211201006036/en/

Voyager Invests In Lee Specialties

July 30, 2021

RED DEER, CANADA -- Voyager Interests, LLC (“Voyager”) has completed a majority recapitalization of Lee Specialties, Inc. (“Lee” or the “Company”). Lee, founded in 1995, is a globally recognized wireline pressure control equipment manufacturer, providing sales, rental, service and repair of proprietary blowout preventers, remote well connection devices, accumulators, lubricators, electric-powered wireline skids and ancillary equipment to the energy sector.

“We have admired the Lee business for a long time and are very excited to participate in the growth of the business, both organically and through acquisitions. Doug Quinn and the Lee management team are experienced and have had a lot of success during their careers. Who we partner with is very important to Voyager and we are very fortunate to be able to work with this group,” said David Watson, Voyager’s Managing Partner.

“I have known David for more than 10 years, and am excited about what he and Voyager brings to the Lee business. I look forward to working with him to continue to build this great platform,” stated Doug Quinn, owner of Lee.

Lee is headquartered in Blackfalds, Alberta, Canada with additional locations in Red Deer, Alberta; Grande Prairie, Alberta; Williston, North Dakota; and Midland, Texas.

ABOUT LEE

Founded in 1995, Lee is a globally recognized manufacturer of wireline pressure control equipment. The company produces proprietary, highly-engineered blowout preventers and other equipment critical for safe and effective well completion and intervention operations through the lifecycle of the well. Learn more online at www.leespecialties.com.

ABOUT VOYAGER

Voyager is a specialized private equity firm that invests in lower middle market energy services and equipment companies. Voyager’s limited partner base is comprised primarily of experienced energy executives and entrepreneurs, not endowments and institutional money management firms like many private equity firms. The firm’s industry focus and source of capital provides significant flexibility in structuring a transaction. Learn more online at www.voyagerinterests.com.