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.
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.
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.
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.
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.
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.
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.
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.
Voyager Interests Adds Daniel Arrant To The Team As Operating Partner
Experienced Energy Services CEO and Entrepreneur Adds to Firm’s Operational Capabilities
September 29, 2020
HOUSTON -- Voyager Interests, LLC (“Voyager”), a specialized private equity firm focused on investments in the energy services and equipment sector, today announced Daniel Arrant has joined the firm as an Operating Partner. “I have watched Daniel build several different successful ventures over the last few years.” said David Watson, Founder and Managing Partner of Voyager. “His track record sourcing and executing on new opportunities, ability to build and lead large teams, and knowledge in both the upstream and midstream markets is tremendous. I am elated that Daniel has joined the team.”
Voyager primarily pursues control-oriented recapitalizations and growth equity investments, carveouts of non-core businesses from larger companies, and buy-and-build strategies with experienced executives.
Before joining Voyager, Daniel Arrant was CEO of Kingsley Constructors, which grew to become the largest builder of water infrastructure in the U.S. oil and gas sector at the time of its sale to Mastec (NYSE: MTZ) in 2019, with more than 1,000 employees. Separately, Mr. Arrant also led the effort to develop sizable water sourcing operations in both the Permian Basin and Eagle Ford Shale, with more than 300 million barrels sold to date. Mr. Arrant earned a BBA from Texas A&M University. Mr. Watson added, “We plan to be very active in deploying capital in the next 18 months, and Daniel will play a key role in this effort.”