Pelican Energy Partners

Pelican Energy Partners is a private equity firm based in Houston, Texas, established in 2011. The firm focuses on strategic investments in small to mid-market energy service and equipment businesses that demonstrate high development potential. Pelican Energy Partners primarily targets opportunities within the business-to-business, energy, and manufacturing sectors across the United States and Canada. As a Registered Investment Adviser, the firm is dedicated to identifying and nurturing companies that can benefit from its investment expertise.

William Chiles

Managing Partner

Jason Doan

Associate

Paul Ernster

Senior Associate

Greg Hottle

Operating Partner

Christian Juengling

Associate

Ian Levy

Senior Associate

Ryan Lloyd

Senior Associate

Seth Long

Operating Partner and Director of Safety, Health, and Environment

Jay Surina

Managing Director

Sam Veselka

Principal

Walter Weathers

Managing Director

Joseph M. Welsh

Managing Director

Mike Scott

Managing Partner, Founder

21 past transactions

United Services Group

Acquisition in 2025
United Services Group provides machining services. They provide welding services, machining services, manpower support, staffing resources, heat treating, equipment rental, fabrication and delivery, decommissioning, and quality assurance services. They address inquiries through phone calls and emails.

Everstar

Pre Seed Round in 2025
Everstar is an AI-powered system designed to assist with the operation and management of nuclear power plants.

Lancs Industries

Acquisition in 2025
Lancs Industries specializes in the manufacture of radiation shielding and containment products aimed at enhancing safety in hazardous work environments. The company provides a diverse array of products, including lead wool blankets, non-lead shielding made from tungsten and bismuth, glove bags, containment tents, radiation sleeving, protective bags, and containment sheeting. These offerings are designed for use in maintenance sectors, nuclear waste remediation, and the nuclear power industry, allowing clients to mitigate risks and protect workers from radiation exposure.

Skolnik Industries Inc

Acquisition in 2025
SKOLNIK is a "specialized" manufacturer of carbon steel drums and stainless steel drums for highly valued contents. From custom wine barrels to drums for hazardous materials (hazmat) and dangerous goods, we are a leader in specialty packaging. Unlike other steel drum manufacturing companies, SKOLNIK offers unique innovation, creativity and genuine dedication to service that no one else in the industry can claim. For those who are already familiar with SKOLNIK's extensive mix of products, special services, knowledgeable staff and incredible hospitality, SKOLNIK hopes that their continuous improvements demonstrate the value of a Skolnik purchase.

EBI

Acquisition in 2024
EBI is a service provider specializing in solutions for system-critical electrical bus duct installation, replacement, and repair.

Millennitek

Acquisition in 2024
Millennitek provides technical ceramic manufacturing where they convert materials that are in powder form into solid, high-tolerance components. The second division provides rapid prototyping parts in an array of materials including resins, plastic, nylon, wax, and ceramics.

Stewart Tubular

Acquisition in 2024
Stewart Tubular products is well known fir our expertise in manufacturing downhole tubular accessories and support equipment.
Container Technologies Industries, LLC specializes in the design, development, and manufacturing of standard and custom containers primarily for the nuclear sector. The company produces a variety of containers, including those for the storage and transport of low-level radioactive waste, hazardous waste, and specialty materials. Its product range includes laundry boxes, security containers, shielded containers, and fold-down transport containers, among others. In addition to manufacturing, Container Technologies provides engineering and design services, finite element analysis, as well as certification and testing services. Founded in 1999 and based in Helenwood, Tennessee, the company serves clients across the United States, Canada, Hawaii, and internationally, focusing on solutions for the safe storage, transport, and disposal of nuclear waste.

Springs ATG

Acquisition in 2023
Springs ATG is a manufacturing company specializing in engineered metal products and components for diverse industries. Its product offerings include gloveboxes, pharmaceutical isolators, biohazard and chemical containment solutions, and vacuum chambers, among other related items. The firm aims to meet the specific needs of its clients through its innovative designs and robust manufacturing capabilities.

Blue Wave AI Labs

Private Equity Round in 2023
Blue Wave AI Labs, founded in 2016, specializes in developing customized artificial intelligence solutions that address complex problems across various industries, with a particular focus on the nuclear energy sector. The company combines academic resources and industry expertise, led by Dr. Tom Gruenwald, to create innovative predictive analytics platforms. Unlike typical AI firms that offer generic tools, Blue Wave tailors its solutions to meet the specific needs of its clients. The firm employs a multidisciplinary approach, integrating the knowledge of aerospace engineers, nuclear physicists, and data scientists to deliver effective solutions. Its technology includes the development of virtual sensors that monitor critical systems, allowing clients to identify and resolve issues while enhancing operational safety and efficiency. Through this unique methodology, Blue Wave AI Labs aims to tackle challenges that were previously deemed unsolvable, thereby contributing to advancements in various fields.

Iron Horse Tools

Acquisition in 2023
Iron Horse Tools, LLC specializes in providing rental tools and equipment for the oil and gas industry, focusing on regions such as South Texas, Louisiana, and North Dakota. Founded in 2008 and based in Corpus Christi, Texas, the company offers a range of products including high-pressure control drilling chokes, hydrostatic test trucks, stabilizers, and rotating control devices. These tools are designed to enhance safety and efficiency during managed pressure drilling operations. In August 2020, Iron Horse Tools, LLC filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, indicating financial restructuring efforts.

Shepherd Safety Systems

Private Equity Round in 2019
Shepherd Safety Systems, LLC is a manufacturer of hydrogen sulfide (H2S) monitoring systems tailored for the oil and gas industry. Based in Midland, Texas, the company provides a range of products, including the Shepherd System, Shepherd Controller, and various wireless gas detectors designed to detect H2S and explosive gases. Their offerings also include personal monitors that deliver alarm and vibration signals, mobile controllers that enable satellite connectivity and data logging, and a Shepherd remote monitoring system for efficient data transmission. By integrating on-site gas detection with remote monitoring capabilities, Shepherd Safety Systems aims to enhance worker safety in challenging environments, allowing management and safety professionals to respond proactively to potential hazards.

Axon Pressure Products

Private Equity Round in 2018
Since its inception, AXON recognized the need for a single source that can provide not only best-in-class equipment and services, but also a true commitment to customer service and support. Due to this unique, single-minded focus on responsive and effective service, AXON strives to be The AlternativeTM in today's consolidated market by providing you with a personal touch. AXON's leadership team is comprised of well-established and seasoned industry veterans who are committed to leading the industry with Alternative Thinking. Specifically, AXON is committed to creating strong, lifelong relationships with its clients and partners.

Veretek

Venture Round in 2018
Veretek provides electric submersible pumps, surface pumping, and optimization. Their products such as electric submersible pumps, surface pumps, variable speed drive optimization, field services, and onsite engineering. Their electric submersible pumps components such as pumps, motors, seal sections, gas handling devices, vsd, esp power cable, mle cable, downhole sensors, monitoring automation and optimization, sands mitigation, and solids mitigation.

Gordon Technologies

Private Equity Round in 2017
Gordon Technologies is an engineering company providing innovative new technology and service to the oil and gas drilling industry. They are a family-oriented company focusing on teamwork, quality, advanced technology, and providing a market advantage for their customers.

Multilift

Private Equity Round in 2017
Multilift manufactures the patented SandGuard™ and the Cyclone™ completion tools. Multilift was founded in 2013 and designs and assembles high quality sand protection and completion tools that protect and increase the run-time and reliability of electric submersible pumps and other artificial lifts systems.

Johnson Specialty Tools

Private Equity Round in 2017
Johnson Specialty Tools, LLC is a family-owned business specializing in the rental of drilling support equipment, founded in December 2014 by Craig and Brett Johnson. Based in Midland, Texas, the company provides a range of essential equipment for drilling operations, including pre-mix mud tanks, mud vacs, transfer pumps, drill pipes, and power washers. Johnson Specialty Tools focuses on delivering the specific equipment required for effective management of oil and water-based mud at drilling sites, ensuring clients have access to the tools necessary for efficient and safe operations.

Q2 Artificial Lift Services

Private Equity Round in 2017
Q2 Artificial Lift Services, originally known as Quinn’s Oilfield Supply, was established in 1965 in Red Deer, Alberta, by Jim Quinn. Over the decades, the company has grown to become a leading manufacturer of reciprocating rod pumps and related components for the oil and gas industry in North America. Under the leadership of Doug Quinn since 1996, the business has expanded its presence with additional locations throughout Western Canada and the United States. Q2 offers a comprehensive range of products, including valve systems, plungers, production tools, sand separation systems, flow cages, specialty tubing, and sucker rods. The company also provides engineering technical services, sucker rod design, and diagnostic services, enhancing the durability and performance of its products. Notably, Q2 operates a specialized chroming facility that significantly extends the lifecycle of barrels in service, and it is one of the few heat treating tubing facilities in North America, reinforcing its status as an industry leader.

Global Heat Transfer

Private Equity Round in 2017
Global Heat Transfer Ltd. is a manufacturer and service provider specializing in radiators, oil coolers, gas coolers, and industrial cooling systems tailored for various industries, particularly oil and gas, mining, and power generation. Founded in 1978 in Fort McMurray, Canada, the company initially emerged to address a gap in radiator repair services in a burgeoning industrial hub. It offers a range of products including DPF cleaning solutions, aluminum coolers, and OEM replacement parts, alongside specialized services such as product sourcing, custom design, and equipment testing. Global Heat Transfer is also known for its high-performance radiators that deliver significant cost savings and operational efficiencies compared to traditional designs. With a global presence across several countries, the company combines its extensive industry knowledge with a commitment to innovation and customer service.

P360 Management Solutions

Private Equity Round in 2015
P360 Management Solutions LLC specializes in providing digital oilfield solutions to clients primarily in North America. The company’s flagship offering, Phoenix DAS, is a business process optimization platform that enhances operational efficiency for oilfield services companies. This platform allows users to manage critical functions such as sales, dispatch, equipment, purchase orders, inventory, personnel, safety, and payroll from a mobile device, facilitating informed decision-making from field operators to executives. Additionally, P360 offers virtual IT services to ensure system protection and address IT concerns effectively. Its client base spans various sectors, including environmental services, oilfield operations, petrochemical industries, and refineries. Established in 2013 and headquartered in Houston, Texas, P360 also operates in Calgary and Tennessee.
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