M&A Deal Summary

Pelican Energy Partners Acquires EBI

On August 9, 2024, private equity firm Pelican Energy Partners acquired electrical equipment company EBI

Acquisition Highlights
  • This is Pelican Energy Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Pelican Energy Partners’ 27th transaction in the United States.
  • This is Pelican Energy Partners’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-08-09
Target EBI
Sector Electrical Equipment
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Taft Stettinius & Hollister (Legal)

Target

EBI

St. Cloud, Minnesota, United States
EBI offers high-quality industrial, electrical, and welding services during scheduled plant turnarounds and new builds. EBI is based in St. Cloud, Minnesota.

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Buyer(S) 1

Buyer

Pelican Energy Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 563M USD
Size Middle-Market
Type Sector Focused
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 STATS #
Overall 29 of 29
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (Minnesota) 1 of 1
Country (United States) 27 of 27
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 GSE Systems

Columbia, Maryland, United States

GSE Systems provides performance improvement solutions to the energy and process industries. The company improves human performance through turnkey training, unique visualization and simulation applications, and our staff of instructors, as well as plant improvement through our engineering expertise and use of technology to improve plant design, commissioning, and operations. GSE Systems was founded in 1994 and is based in Columbia, Maryland.

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Mergr

Product

Company

Legal