Voyager Interests (“Voyager”), a private equity firm specializing in energy services and equipment (“ES&E”) investments, and The Arab Energy Fund (“TAEF”), a leading multilateral impact financial institution, today announced that a consortium including TAEF and Zamil Group Investment Company (“Zamil”) has agreed to make a strategic minority investment in CRTS Global (“CRTS” or the “Company”). The partnership combines Voyager’s ES&E expertise with the investment capabilities of TAEF and Zamil to accelerate CRTS’s growth across the region and globally. Financial terms of the transaction were not disclosed.
CRTS is the global leader in internal and external pipeline field joint coating, serving customers worldwide in the energy and industrial sectors. Through proprietary robotic tools, CRTS applies protective coatings to onshore and offshore pipelines for natural gas, crude oil, potable water, saltwater, hydrogen and carbon capture applications. Following its acquisition of RAE Coatings in 2025, CRTS is the only provider that delivers complete internal and external field joint coating solutions for the offshore sector, having completed coating services on more than five million field joints.
“Since acquiring the business in 2023, CRTS has emerged as the global leader in pipeline field joint coating,” said Robert Trainer, Partner at Voyager. “TAEF and Zamil are strong partners whose investment capabilities, industry expertise, and regional presence will help CRTS capitalize on the significant pipeline investment now underway across the world. We are proud to partner with TAEF and Zamil, and to continue supporting CRTS’s management team and employees in this next chapter of growth.”
“This partnership is a milestone for CRTS,” said Bryan Kirchmer, President of CRTS. “TAEF and Zamil bring expertise, regional depth and strategic relationships that will accelerate our growth in the Middle East and beyond, while Voyager’s continued involvement ensures continuity for our customers and our people. Together, we are better positioned than ever to deliver complete internal and external field joint coating solutions to customers worldwide.”
“CRTS represents the type of differentiated technology-driven business that aligns well with our investment strategy and our commitment to strengthening critical energy infrastructure. As investment in pipeline networks accelerates across the region and globally, CRTS’s proprietary capabilities, proven execution and strong market position create a compelling platform for long-term value creation. We are pleased to partner with Voyager, Zamil and the CRTS management team to support the Company’s next phase of growth,” said Maheur Mourali, Chief Investment Officer of The Arab Energy Fund.
Abdullrahman Khalid Al Zamil, the President of Zamil, continued to say “Zamil has a long history of investing across the industrial and energy sectors in Saudi Arabia and the region, and CRTS is a business whose capabilities fit well with our investment approach. We are pleased to partner with Voyager and TAEF to support its growth going forward.”
ADVISORS
PJT Partners served as exclusive financial advisor to CRTS and DLA Piper UK LLP served as legal counsel to CRTS. Dentons served as legal counsel to TAEF and Zamil.
