Pelican Energy Partners / Gordon Technologies Acquires Noralis

Gordon Technologies Acquires Paisano Labs

August 3, 2023

Energy

Gordon Technologies LLC, a U.S. provider of measurement-while-drilling (MWD) systems, has acquired Paisano Labs, LLC, a Houston-based designer and manufacturer of LWD gamma detectors and propagation resistivity tools. The acquisition is intended to vertically integrate Gordon's supply chain and expand its proprietary MWD/LWD sensing and electronics capabilities to improve product reliability and availability.

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 Majority Recapitalizes Lodestar International; Combines with MaxWell Downhole Technology

May 28, 2018

Oil & Gas

Pelican Energy Partners has completed a majority recapitalization of Lodestar International and is combining Lodestar with Aberdeen-based MaxWell Downhole Technology, providing growth capital to support greater rental-tool availability, improved service and faster product development. Lodestar will assume operational functions for the combined business as the group scales DWD (dynamics-while-drilling) tool rental, services and technology development across North America and internationally.

ADNOC Drilling / Alpha Dhabi JV (Enersol) Acquires 25% Stake in Gordon Technologies

January 9, 2024

Energy

ADNOC Drilling and Alpha Dhabi have incorporated a joint venture (Enersol) at Abu Dhabi Global Market and completed the JV's inaugural strategic investment by transferring Alpha Dhabi’s 25% equity stake in US-based Gordon Technologies into the JV (valued at roughly $180 million). The move gives the JV an equity position in a leading measurement-while-drilling (MWD) technology provider and is intended to accelerate capability expansion in tech-enabled energy services and optimise drilling operations for ADNOC Drilling.

AQUALIS Acquires Northern Pipe, Inc.

April 4, 2023

Environmental Services

AQUALIS, a portfolio company of DFW Capital Partners, acquired the assets of Northern Pipe, Inc., a Green Bay, Wisconsin-based wastewater and stormwater collection services and hydro-excavation firm. The add-on expands AQUALIS' Midwest presence and enhances its vac & jetting, hydro-excavation and CCTV inspection and pipeline repair capabilities.

Gordon Technologies Acquires Vertex Downhole Trading LLC (Vertex UAE)

October 31, 2024

Oil & Gas

Gordon Technologies LLC, an Enersol company, has acquired Vertex Downhole Trading LLC (Vertex UAE), the Eastern Hemisphere business of Vertex Downhole Technologies Inc. The deal expands Gordon's Measurement While Drilling (MWD) footprint across the Middle East and Eastern Hemisphere and transfers IP rights for Winc, Winc+ and Mudlink technologies.