Pelican Energy Partners Acquires United Services Group

Pelican Energy Partners Acquires Riggins Company

July 20, 2026

Industrial Services

Pelican Energy Partners, a private equity firm focused on energy services and equipment, announced the acquisition of Riggins Company, an engineered metal fabrication and custom component provider for the U.S. Navy and shipbuilding partners. The deal is aimed at expanding Riggins’ capacity and workforce to support increased U.S. investment in nuclear submarine and aircraft carrier fleets.

Integrated Utility Services Acquires Paragon Industries (Chapter 11 363 Sale)

July 17, 2026

Manufacturing

Integrated Utility Services (IUS), a Houston-based holding company, completed its acquisition of Paragon Industries, a long-standing Oklahoma manufacturer of API-licensed steel pipe products. The deal closed July 13, 2026, through a Chapter 11 Section 363 sale process, with Infinity Capital Partners serving as exclusive investment banking advisor.

Pelican Energy Partners Acquires Environmental Services, Inc. (EAI)

April 27, 2026

Industrial Services

Pelican Energy Partners announced its acquisition of Environmental Services, Inc. (“EAI”), a provider of environmental remediation and nuclear decontamination and decommissioning support. Pelican plans to incorporate EAI into its nuclear containment portfolio platform to expand technical capabilities and strengthen its U.S. supply chain focus for energy and 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.

Pelican Energy Partners to Acquire GSE Solutions in All-Cash Deal

August 8, 2024

IT Services

GSE Solutions (GSE Systems, Inc.) entered into a definitive all-cash merger agreement to be acquired by Pelican Energy Partners. Under the deal, Pelican will acquire all outstanding shares of GSE for an estimated $4.10 per share (later amended to $4.60 per share), with the transaction initially expected to close in Q3 or Q4 2024. The merger was subsequently closed on November 1, 2024, following approval by GSE shareholders.

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.