The Arab Energy Fund, Zamil Group back pipeline-coating firm CRTS Global
What's the deal? A consortium including The Arab Energy Fund (TAEF)Dealroom has a profile for this one. Try Dealroom → and Zamil Group Investment Company has agreed to make a strategic minority investment in CRTS Global, a provider of pipeline field joint coating services. Private equity firm Voyager InterestsDealroom has a profile for this one. Try Dealroom →, which specialises in energy services and equipment, is also backing the deal. Financial terms were not disclosed.
What does CRTS do? It applies protective coatings to onshore and offshore pipelines using proprietary robotic technologies. Those pipelines serve natural gas, crude oil, potable water, saltwater, hydrogen, and carbon capture applications.
Why now? The investment is meant to support CRTS's regional and international expansion. Following its 2025 acquisition of RAE CoatingsDealroom has a profile for this one. Try Dealroom →, the company became the only provider offering complete internal and external field joint coating solutions for the offshore sector.
By the numbers: CRTS has completed coating services on more than five million field joints.
The signal: The deal pairs Voyager's sector expertise with the capital of two Gulf-based backers, a sign of continued Middle Eastern investment in energy infrastructure services that also touch newer markets like hydrogen and carbon capture.
Read more: ognnews.com
Image credit: Rossographer
