Pelican Energy Partners / Gordon Technologies Acquires Noralis

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.

Pelican Acquisition Corporation to Merge with Greenland Exploration Limited and March GL to Form Greenland Energy Company

September 11, 2025

Oil & Gas

Pelican Acquisition Corporation (a special purpose acquisition company) announced a definitive merger agreement with Greenland Exploration Limited (GEL) and March GL Company. The combined transaction is expected to result in the creation of Greenland Energy Company, which will pursue March GL’s earn-in for up to 70% of 80 Mile’s Jameson liquid hydrocarbon project in Greenland, with 80 Mile retaining its remaining 30% interest. The transaction is expected to close in the fourth quarter of 2025.

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.

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.