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KKR supports Joulon's asset management platform.

M2 EQUITYBITES-December 15, 2017-KKR supports Joulon's asset management platform

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Joulon, a asset management services provider to the energy industry, has announced that KKR has injected additional capital to support the company's ongoing acquisition activity, the company said.

With KKR's continued support, Joulon has completed its acquisition of Harris Pye Engineering Group Limited ("Harris Pye"), a global provider of engineering and project management services to the marine, offshore and industrial sectors.

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.

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.

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.

KKR is a 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.

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Publication:M2 EquityBites (EQB)
Date:Dec 15, 2017
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