Pelican Energy Partners Invests in Blue Wave AI Labs

Pelican Energy Partners Acquires Electrical Builders Industries

August 9, 2024

Industrial Services

Pelican Energy Partners, a Houston-based private equity firm, has acquired Electrical Builders Industries (EBI), a St. Cloud, Minnesota-based industrial electrical and welding services provider that specializes in bus duct installation, replacement and repair for power generation facilities. The deal positions Pelican to expand its capabilities in the nuclear energy services supply chain and support increased baseload power needs for customers including datacenter facilities.

AE Industrial Partners Acquires NuWave Solutions

June 22, 2020

AI & Machine Learning

AE Industrial Partners acquired a majority interest in NuWave Solutions, a provider of data management, advanced analytics, AI/ML, and cloud solutions serving the U.S. federal government. AEI will position NuWave as a standalone platform to expand its Defense & Government Services capabilities, and named industry veterans Dr. Reggie Brothers as CEO and Michael Buscher as Chief Growth Officer.

Columbia Capital Leads $75M Growth Investment in Bluewave Technology Group

February 1, 2022

IT Services

Columbia Capital led a $75 million growth investment in Bluewave Technology Group to accelerate the firm's organic and inorganic growth. The capital will support Bluewave’s continued acquisitions, team expansion, systems investment, and expansion of its technology advisory and lifecycle management services across the U.S.

H.I.G. Growth Partners Invests in AgileBlue

May 22, 2025

Cybersecurity

H.I.G. Growth Partners (the growth-capital affiliate of H.I.G. Capital) has made a strategic growth investment in AgileBlue, an AI-powered Security Operations (SecOps) platform based in Cleveland, Ohio. The minority growth investment will fund AgileBlue's product innovation, go-to-market expansion, and operational scale to accelerate adoption among mid-market customers in financial services, healthcare, and manufacturing.

Blue Whale Materials Acquires Eclipse Energy

May 2, 2023

Energy

Blue Whale Materials, a portfolio company of Ara Partners, has acquired Eclipse Energy, a Greenfield, Indiana-based battery testing and evaluation lab. BWM has created a new subsidiary, BW Energy and Innovation, to integrate Eclipse's capabilities and expand end-to-end battery testing, certification, and lifecycle services to support recycling, remanufacturing, and secondary-use applications.

Datasite Acquires Blueflame AI

July 26, 2025

AI & Machine Learning

Datasite, the PE-backed global SaaS provider of AI-powered M&A workflow solutions, has acquired Blueflame AI, an agentic AI platform for investment and financial services. Blueflame will join Datasite's Intelligence Unit and continue to be led by co-founder Raj Bakhru, with terms not disclosed and ongoing investment supported by Datasite and its controlling shareholder CapVest Partners.