Pelican Energy Partners Acquires Iron Horse Tools from Bluehenge Capital Partners

Polycorp Acquires Iron Horse Engineering Company

January 22, 2026

Manufacturing

Polycorp, a portfolio company of Arsenal Capital Partners, has acquired Iron Horse Engineering Company, a pioneer in rail boot and embedded track technologies. The deal expands Polycorp’s rail product portfolio and engineering capabilities to deliver more integrated solutions across light- and heavy-rail applications worldwide.

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.

Bluehenge Capital Partners Invests in Iberville Companies via Management-Led Recapitalization

September 13, 2022

Industrial Services

Bluehenge Capital Partners provided subordinated debt to support a management-led buyout and recapitalization of Iberville Companies. First Horizon Bank provided senior debt financing; the recapitalization will keep the existing management team in place as Iberville pursues organic growth across its industrial insulation and specialty contracting business.

Bluehenge Capital Partners Supports Management Buyout of Alliance Distribution Partners

May 17, 2023

Industrial Services

Bluehenge Capital Partners provided debt financing to support a management buyout of Alliance Distribution Partners, LLC, a Hendersonville, Tennessee-based industrial, welding and specialty retail supplies distributor. The existing management team remains in place and will pursue organic growth opportunities while continuing service to existing customers.

Pelican Energy Partners Acquires Container Technologies Industries, LLC

January 8, 2024

Manufacturing

Houston-based private equity firm Pelican Energy Partners has acquired Container Technologies Industries, LLC (CTI), a Helenwood, Tennessee manufacturer of containment solutions for the nuclear industry, from a group of private (legacy) shareholders. In addition to a majority buyout, Pelican provided growth capital to expand CTI’s manufacturing capacity and has appointed Dr. Danielle Castley as President to lead capability expansion and serve DOE, DOD and commercial nuclear customers.

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.