Voyager Invests In Tejas Completion Services
HOUSTON–(BUSINESS WIRE)–Voyager Interests, LLC (“Voyager”), a private equity firm specializing in energy services and equipment investments, announced today that it has made a majority investment in Tejas Completion Services, LLC (“Tejas”), one of the largest privately-held completion services companies in the Permian Basin. Financial terms of the transaction were not disclosed.
Tejas, headquartered in Midland, Texas, provides specialty pumping and complementary services, including acid and completion chemicals, mixing plant services and thru-tubing services. Tejas, currently the largest independent specialty pumping company in the country, operates approximately 50 pumping units.
“We are thrilled to welcome Tejas into the Voyager family,” said David Watson, Partner at Voyager. “Tejas has built a strong reputation amongst many of the largest E&P operators in the industry, and under TJ and Cody’s leadership, the company is poised for tremendous growth. We look forward to supporting Tejas in its next phase of expansion and innovation.”
“The Tejas team, Cody and I are excited to partner with Voyager,” said TJ Dostal, CEO of Tejas. “Their track record of supporting and building energy service businesses makes them an ideal partner for Tejas. This investment strengthens Tejas’ leadership as the premier provider of pump down and completion services in the oil and gas sector.”
Voyager’s existing portfolio company, VooDoo Energy Services, with operations primarily in the Haynesville Shale, will be merged into Tejas in this transaction.
Cody Trebing, COO of Tejas, stated, “Voyager’s partnership allows us to invest in the growth of all our service lines, as well as our fleet of equipment and personnel. These investments ensure we continue delivering the safety, reliability, and customer satisfaction our clients expect. We also look forward to welcoming the VooDoo team and integrating their business into Tejas as we build on our reputation for industry-leading service and performance.”
ABOUT TEJAS
Tejas Completion Services, LLC is a premier provider of specialty pumping and complementary services, including acid and completion chemicals, mixing plant services and thru-tubing services. Headquartered in Midland, Texas, Tejas serves major and independent operators predominantly in the Permian Basin. With a commitment to safety, reliability and customer satisfaction, Tejas has established itself as a trusted partner in the energy sector. Learn more online at www.tejascompletionservices.com.
ABOUT VOYAGER
Voyager is a private equity firm focused exclusively on investing in energy services and equipment (“ES&E”) companies. The firm’s commitment to ES&E has been unwavering through commodity and political cycles, which sets Voyager apart from virtually every other investment firm in the world. Since 2020, Voyager has closed more ES&E acquisitions than any other private equity firm. Unlike traditional private equity firms, whose investors are generally negative on the traditional energy sector, Voyager’s capital is supportive, patient and flexible.
Voyager partners with management teams to drive value creation and expand market presence. Voyager’s portfolio includes companies that provide critical services and equipment to the energy sector in every major basin in the world. 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.
Contacts
Media Contacts
For Voyager:
McCray Fletcher
mccray@voyagerinterests.com
For Tejas:
TJ Dostal
tdostal@tejascompletionservices.com
