Pelican Energy Partners Acquires Stewart Tubular Products from Aterian Investment Partners

Aterian Investment Partners Acquires ATCO Industries, Inc.

May 24, 2022

Industrial Services

Aterian Investment Partners, a New York-based private equity firm, has acquired ATCO Industries, Inc., a Sterling Heights, Michigan provider of tech-enabled testing, measurement and quality containment services for the North American automotive industry. Stellus Capital Management and LBC Credit Partners provided financing for the transaction; advisors included Kirkland & Ellis, William Blair, Deloitte Corporate Finance and Honigman LLP.

Aterian Investment Partners Acquires Stein Fibers

July 13, 2022

Manufacturing

Aterian Investment Partners, a New York–based private equity firm, has acquired Stein Fibers, a leading North American distributor and manufacturer of polyester fiberfill and nonwoven fiber products headquartered in Albany, New York. Aterian said Stein Fibers will be a platform investment from Fund IV and that it will support the company’s growth both organically and through M&A while partnering with the company’s co-owners.

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 Skolnik Industries

January 13, 2025

Manufacturing

Houston-based private equity firm Pelican Energy Partners has acquired Skolnik Industries, a Chicago-based manufacturer of customized carbon and stainless steel drums serving commercial and regulated end markets, including the nuclear industry. Skolnik will remain led by its current president, Dean Ricker; Pelican said the company's nuclear business was a key factor in the transaction as the firm continues to invest in nuclear-focused energy equipment and services.

Pelican Energy Partners Acquires United Services Group

March 10, 2025

Energy

Houston-based private equity firm Pelican Energy Partners has acquired United Services Group, a Charlotte-based full-service welding, machining, and fabrication contractor serving utilities and power generators. The deal expands Pelican's portfolio in the energy services sector and will support USG's continued growth across nuclear, fossil, natural gas, solar, and petrochemical markets.

Pelican Energy Partners Acquires MillenniTek, LLC

July 26, 2024

Manufacturing

Houston-based Pelican Energy Partners has acquired MillenniTek, LLC, a Knoxville, Tennessee developer and manufacturer of advanced ceramic materials for the nuclear energy industry. MillenniTek's CEO Steve Getley will remain in place and retain significant ownership as Pelican partners with management to drive domestic and international growth and create jobs in Tennessee.