July 30, 2021
RED DEER, ALBERTA, 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.