M&A Deal Summary

NXL Technologies Acquires Lee Specialties

On December 1, 2021, NXL Technologies acquired technology hardware company Lee Specialties from Voyager Interests

Acquisition Highlights
  • This is NXL Technologies’ 1st transaction in the Technology Hardware sector.
  • This is NXL Technologies’ 1st transaction in the United States.

M&A Deal Summary

Date 2021-12-01
Target Lee Specialties
Sector Technology Hardware
Buyer(s) NXL Technologies
Sellers(s) Voyager Interests
Deal Type Merger

Target

Lee Specialties

United States
Lee Specialties is a 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. Lee Specialties was founded in 1995 and is based in United States.

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Buyer(S) 1

Buyer

NXL Technologies

Lacombe, Alberta, Canada

Category Company
Founded 2006
Sector Technology Hardware
DESCRIPTION

NXL Technologies is a 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. NXL Technologies was founded in 2006 and is based in Lacombe, Alberta.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Voyager Interests is a specialist private equity firm focused on lower-middle market global energy services and equipment companies. Voyager invests in a range of service and manufacturing businesses serving the upstream, midstream and downstream energy sectors. The Firm seeks long-term investments in businesses valued between $20 to $300 million to support recapitalizations and growth. Voyager does not typically invest in traditional buyouts, or in unproven technology. Voyager Interests is headquartered in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Lee Specialties

United States

Lee Specialties is a 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. Lee Specialties was founded in 1995 and is based in United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 VooDoo Energy Services

Shreveport, Louisiana, United States

VooDoo Energy Services is a provider of specialty pumping busines providing services for applications such as defensive/offset frac, pumpdown, toe preparations, and acid treatments. VooDoo Energy Services is based in Shreveport, Louisiana.

Buy -