Pelican Energy Partners to Acquire GSE Solutions in All-Cash Deal
August 8, 2024
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.
- Buyers
- Pelican Energy Partners
- Targets
- GSE Solutions (GSE Systems, Inc.)
- Industry
- IT Services
- Location
- Maryland, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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.
-
Excel Services Acquires IEPSON Consulting; Pelican Energy Partners Provides Equity to Back Growth
February 20, 2024
Engineering Services
Excel Services Corporation acquired IEPSON Consulting Enterprises, Inc. (effective Aug. 1, 2023) to expand its licensing, regulatory and engineering services to the nuclear industry. Pelican Energy Partners provided equity financing to Excel and will be a passive equity holder to support Excel's growth and future acquisitions while Excel's leadership remains in place.
-
GSE Solutions Acquires Iddeal (Iddeal Concepts, Iddeal Services, Iddeal Solutions)
January 19, 2026
Engineering Services
GSE Solutions has acquired Iddeal Concepts, Iddeal Services, and Iddeal Solutions, adding the IDDEAL Software Suite and specialized ASME Section XI inspection and O&M code testing expertise. The acquisition expands GSE's engineering programs and inspection/compliance capabilities for nuclear and power generation customers; Iddeal will operate under GSE Solutions with key leadership retained.
-
SES Acquires Leonardo DRS Global Enterprise Solutions (GES) for $450 Million
August 1, 2022
Telecommunications
SES, through its wholly-owned subsidiary SES Government Solutions (SES GS), acquired Leonardo DRS’s Global Enterprise Solutions (GES) business for $450 million. The combined entity will serve US Government multi-orbit satellite communications needs by integrating multi-orbit managed SATCOM services and related cybersecurity, support, governance, and compliance capabilities.
-
PowerGEM Acquires Cambridge Energy Solutions
November 7, 2024
Energy
PowerGEM, a PE-backed provider of power grid and energy market simulation software, has merged with Cambridge Energy Solutions (CES) to combine complementary energy market modeling and pricing simulation products. The deal expands PowerGEM's software portfolio and capabilities for short- and long-term electricity market simulation to better serve traders, financial firms, utilities and other power market participants.
-
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.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.