KKR Injects Additional Capital to Support Joulon’s Asset Management Platform
December 12, 2017Capital injection enhances Joulon’s acquisition activity
Joulon completes acquisition of global engineering and project
management company
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Joulon’s platform provides comprehensive Asset Management services to the energy industry. The Company’s business model is based on acquiring businesses with established track records and complementary global expertise in maintenance, repair and overhaul (“MRO”) services to the oil and gas industry. By combining and enhancing these companies’ expertise and synergies, Joulon is able to offer truly integrated solutions to customers in the global energy industry.
Harris Pye is the latest addition to Joulon’s platform of
well-established, global companies in the energy services and
manufacturing segment. Since Joulon’s launch 18 months ago, the Company
has completed 11 acquisitions, including: OES, Global One,
Founders,
The Project Management and Execution segment has become increasingly important given the impact the category has on customers’ total cost of ownership of assets. Joulon is committed to solving Project Management and Execution challenges for its customers and its latest acquisition of Harris Pye, further deepens the Company’s offerings across key verticals. Joulon will continue to acquire businesses and enhance its Project Management and Execution capabilities to assist customers as they undertake reactivation and modification projects in the coming years.
The investment in Joulon comes from multiple funds managed or advised by KKR. Further details of KKR’s investment and Joulon’s acquisition of Harris Pye were not disclosed.
About Joulon
Joulon offers comprehensive asset management services to the energy industry through its portfolio of established manufacturers and service providers, complemented by a global team of experts with decades of asset ownership and management experience. The platform provides a complete range of offerings from individual products and services to integrated end-to-end asset management solutions. Joulon employs the industry’s latest technologies and processes to provide the entire suite of solutions to customers as they continuously look to improve the efficiency of their asset ownership and operations. For additional information, please visit www.joulon.com.
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate, credit and, through its strategic manager
partnerships, hedge funds. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing world-class people, and driving growth and value creation with
KKR portfolio companies. KKR invests its own capital alongside its
partners’ capital and provides financing solutions and investment
opportunities through its capital markets business. References to KKR’s
investments may include the activities of its sponsored funds. For
additional information about
View source version on businesswire.com: http://www.businesswire.com/news/home/20171212006482/en/
Anita.Davis@KKR.com
or
KKR-SVC@sardverb.com
Source: KKR
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