CRTS Global Revolutionizes Pipeline Industry with Acquisition
Deal News | Apr 07, 2025 | Zawya
CRTS Global LLC, a leader in pipeline coating technologies and a portfolio company of Houston-based private equity firm Voyager Interests, has acquired RAE Energy's coatings business. The acquisition enhances CRTS's capabilities in the global pipeline coatings market, making them the exclusive provider of comprehensive internal and external field joint coating solutions for the offshore sector. CRTS is renowned for its internal robotic coating services in various energy sectors, having accomplished coating over three million field joints worldwide. The acquisition allows CRTS to deliver a complete suite of services for pipeline and spool base customers globally, including a range of specialized coatings. The integration of RAE Coatings' proprietary technology and skilled workforce will enable CRTS to offer robust corrosion resistance solutions tailored to customer needs worldwide. Concurrently, RAE Energy is redirecting its focus towards enhancing its nondestructive testing capabilities. Headquartered in Dubai, CRTS operates internationally with significant office presences across major global regions.
Sectors
- Energy Sectory
- Manufacturing
- Private Equity
Geography
- United Arab Emirates – CRTS Global is headquartered in Dubai, highlighting the UAE's significant involvement in the industry.
- United States – Voyager Interests, the private equity owner of CRTS, is based in Houston, Texas, illustrating the U.S. influence in the transaction.
- Southeast Asia – RAE Coatings has major operational hubs in Southeast Asia, stressing its regional influence within the industry.
- North America – Both CRTS and RAE Coatings have significant operations in North America, indicating the regional emphasis in the sector.
Industry
- Energy Sectory – The article primarily discusses companies involved in coating services for pipelines, which are integral to the energy sector, including oil, gas, and other utilities.
- Manufacturing – Both CRTS and RAE Coatings are involved in the production and application of protective coatings, a key part of the manufacturing industry.
- Private Equity – Voyager Interests, the private equity firm, plays a crucial role as the owner of CRTS, thus highlighting the investment aspect of the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CRTS Global LLC | Buyer | Company | A leading company in pipeline coating applications, providing services globally with headquarters in Dubai. |
| RAE Coatings | Target Company | Company | A former subsidiary of RAE Energy, specializing in protective coatings for offshore pipelines. |
| RAE Energy | Selling Company | Company | Parent company of RAE Coatings, focusing on expanding its nondestructive testing capabilities post-sale. |
| Voyager Interests | Private Equity Owner | Company | A Houston-based private equity firm owning CRTS Global, instrumental in facilitating the acquisition. |
| Bryan Kirchmer | Commenting Executive | Person | President at CRTS, voiced the strategic benefits of the acquisition. |