Pelican Energy Partners Majority Recapitalizes Lodestar International; Combines with MaxWell Downhole Technology

Gordon Technologies Acquires Lodestar International and MaxWell Downhole Technology

December 7, 2020

Energy

Gordon Technologies LLC, a Pelican Energy Partners–backed provider of measurement-while-drilling (MWD) and vibration-mitigation tools, has acquired Lodestar International, LLC and its wholly owned subsidiary MaxWell Downhole Technology Limited. The deal adds Lodestar's downhole dynamics-while-drilling (DWD) measurement tools and international R&D/service capabilities to Gordon's existing product portfolio as an add-on to expand capabilities and product offerings.

Pelican Energy Partners / Gordon Technologies Acquires Noralis

July 31, 2020

Oil & Gas

Pelican Energy Partners announced the acquisition of Noralis, Inc. as an add-on to the Gordon Technologies platform to broaden its measurement-while-drilling (MWD) product offering and accelerate new product development. Noralis will operate as a wholly owned subsidiary within the Gordon platform, enabling a combined mechanical and electrical MWD offering and supporting international expansion.

Pelican Energy Partners Completes Majority Recapitalization of Safety Automation Technology and Shepherd Safety Systems

November 1, 2019

Energy

Pelican Energy Partners announced a majority recapitalization of Safety Automation Technology, LLC (SAT) and Shepherd Safety Systems, LLC (Shepherd). The transaction pairs SAT's field safety services with Shepherd's patented H2S monitoring hardware and real-time monitoring software to expand Pelican's capabilities in oilfield safety and emissions/worker-monitoring solutions.

Eagle Creek Renewable Energy Acquires Lightstar Renewables

March 19, 2024

Energy

An affiliate of Eagle Creek Renewable Energy has acquired Lightstar Renewables, a community solar developer and owner/operator with ~30 MW under construction and a ~1.2 GW U.S. development pipeline. Lightstar was a portfolio company of funds managed by Elda River Capital Management LLC and Magnetar; under Eagle Creek ownership its full development pipeline and assets will be transitioned to Eagle Creek to accelerate its community solar IPP strategy.

Pelican Energy Partners Acquires Stewart Tubular Products from Aterian Investment Partners

January 22, 2024

Oil & Gas

Pelican Energy Partners, an energy-focused private equity firm, has acquired Stewart Tubular Products, LLC from Aterian Investment Partners. Stewart, headquartered in Houston, Texas, is a precision manufacturer and provider of mission-critical threading services for downhole oil & gas components; Aterian had owned Stewart since 2016 and supported investments in equipment and ERP improvements. Pelican plans to continue supporting Stewart's growth as a supplier across the oil & gas value chain.

Pioneer Natural Resources Acquires DoublePoint Energy Assets in Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed the acquisition of the leasehold interests and related assets of DoublePoint Energy (structured as the purchase of Double Eagle III Midco 1 LLC) in the Midland Basin for approximately $6.2–$6.4 billion in stock, cash and assumed debt. The transaction adds ~97,000 contiguous net acres to Pioneer's Midland Basin footprint and was approved by the boards of the companies; DoublePoint was backed by equity commitments from Apollo, Quantum Energy Partners, Magnetar Capital and Blackstone Credit.