Divestiture • Manufacturing

Pelican Energy Partners Acquires Advanced Technology Group

On November 21, 2023, private equity firm Pelican Energy Partners acquired manufacturer Advanced Technology Group from Machine Build Technologies

Acquisition Context
  • This is Pelican Energy Partners’ 5th transaction in the Manufacturing sector.
  • This is Pelican Energy Partners’ 21st transaction in the United States.
  • This is Pelican Energy Partners’ 1st transaction in Colorado.

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M&A Deal Summary

Date November 21, 2023
Target Advanced Technology Group
Sector Manufacturing
Buyer(s) Pelican Energy Partners
Sellers(s) Machine Build Technologies
Deal Type Divestiture

Target Company

Advanced Technology Group

Westminster, Colorado, United States
Advanced Technology Group is a manufacturer of containment solutions, including gloveboxes, for the nuclear industry. Advanced Technology Group is based in Westminster, Colorado.
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Buyer Overview 1

Buyer
DESCRIPTION

Pelican Energy Partners is a private equity firm focused on making strategic investments in energy services and manufacturing companies. The Firm typically pursues profitable, established companies across North America with EBITDA generally between $1 million and $10 million. Pelican Energy Partners was formed in 2011 and is headquartered in Houston, Texas.


Deal Context for Buyer #
Overall 23 of 33
Sector: Manufacturing 5 of 10
Type: Divestiture 4 of 4
State: Colorado 1 of 1
Country: United States 21 of 31
Year: 2023 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Blue Wave

West Lafayette, Indiana, United States

Blue Wave is a software-as-a-service (SaaS) business that develops and sells AI-based software to support the nuclear energy industry. The Company's software transforms historical reactor operational data into critical intelligence that helps nuclear operators reduce reactor operating and maintenance costs through improved fuel use optimization, and improved plant capacity factors via the ability to better predict component failure. Blue Wave was founded in 2016 and is based in West Lafayette, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Excel Services

Rockville, Maryland, United States

Excel Services is a provider of licensing and regulatory compliance for the nuclear industry. Excel Services was founded in 1985 and is based in Rockville, Maryland.

Buy -

Seller Profile 1

SELLER

Machine Build Technologies

Westminster, Colorado, United States

Category Company
Sector Manufacturing
DESCRIPTION

Machine Build Technologies is a manufacturer of containment solutions. Machine Build Technologies is based in Westminster, Colorado.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1