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

Sentinel Capital Partners Recapitalizes TranSystems

April 1, 2021

Engineering Services

Sentinel Capital Partners completed a recapitalization of TranSystems, a U.S.-based provider of engineering, architectural, and design consulting solutions for transportation infrastructure. The transaction will support TranSystems' growth strategy — including organic expansion and acquisitive opportunities — while current CEO Richard Morsches remains in place; terms were not disclosed.

Pelco Products, Inc. Acquires PedSafety

February 7, 2025

Manufacturing

Pelco Products, a portfolio company of River Associates, acquired PedSafety, a Boise-based pedestrian safety products manufacturer; the transaction closed on February 7, 2025. The add-on expands Pelco's product portfolio by integrating PedSafety's pedestrian-focused technology with Pelco's traffic management hardware to deliver more comprehensive intersection and mid-block safety solutions across North America.

Sentinel Capital Partners Acquires SPL from Industrial Growth Partners

April 8, 2022

Industrial Services

Sentinel Capital Partners has acquired SPL, a Houston-based testing, inspection, and certification (TIC) services provider for energy and environmental markets, in a transaction that closed April 7–8, 2022. The acquisition purchases SPL from Industrial Growth Partners (with management having been a prior co-investor) and positions SPL as a platform to accelerate organic growth and add-on acquisitions across energy, environmental, and international end markets.

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.

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 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.