Pelican Energy Partners Acquires GSE Solutions (GSE Systems, Inc.)

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.

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.

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.

SES/SES Government Solutions Acquires DRS Global Enterprise Solutions from Leonardo DRS for $450M

August 1, 2022

Telecommunications

SES, via its wholly-owned subsidiary SES Government Solutions (SES GS), completed the $450 million acquisition of DRS Global Enterprise Solutions (DRS GES) from Leonardo DRS. The deal combines DRS GES with SES GS to create a scaled multi-orbit satellite communications solutions provider focused on expanding US Government business, unlocking about $25 million of annualized synergies and broadening SES's government-focused capabilities.

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.

GenServe Acquires Power and Energy Services, Inc. (PES)

November 20, 2025

Industrial Services

GenServe, a PE-backed provider of backup power solutions, has acquired Power and Energy Services, Inc. (PES), an Austell, Georgia-based generator maintenance, repair, rental and equipment solutions provider. The acquisition expands GenServe's presence in the Southeastern United States, strengthens technical capabilities, and establishes a regional operations hub to support future growth.