Strategy
Voyager's strategy is to acquire companies with established regional distribution channels and experienced management that would recognize increased revenue and/or significant cost savings from an injection of working capital, wider distribution, or vertical integration. Voyager also intends to look for higher end products that offer premium pricing, reclaimed products that might offer discounted pricing power, or other products that fill an established niche in the market. Management seeks companies that have established sales pipelines and unmet demands that would be met if provided with greater resources or a better cost structure for raw material acquisition or product distribution. Voyager strives to work with experienced managers that have existing distributor/sales relationships that can be leveraged as well as companies with workable balance sheets that can be restructured for greater long-term profitability.
One of the Company's core missions is to identify environmentally conscious businesses and methods of processing. The company has aggressively pursued this new strategy by recently signing a purchase agreement on a new reclamation facility, bringing on new experienced management, and signing a new sales agreement.
Petroleum lubricant products include grease, fluids or other oil based products used for engine oils, hydraulic fluids, metal working fluids or other purposes. The lubricant market includes refiners, re-refiners, bottlers, blenders, and distributors. The US consumes over 50% of the total global supply petroleum based lubricants which is estimated at over $19 billion. The top half of the re-refined oil market is controlled by larger players including by Safety Clean and Evergreen but it is estimated that more than 200 blending and distribution companies participate in the US regional markets. The largest end users are industrial manufacturers and automotive users. Product outlets include bulk wholesalers, retailers, discount chains, non-auto retailers and manufacturers.