M&A Deal Summary

Pelican Energy Partners Acquires Excel Services

On December 1, 2023, private equity firm Pelican Energy Partners acquired business services company Excel Services

Acquisition Highlights
  • This is Pelican Energy Partners’ 2nd transaction in the Business Services sector.
  • This is Pelican Energy Partners’ 22nd transaction in the United States.
  • This is Pelican Energy Partners’ 1st transaction in Maryland.

M&A Deal Summary

Date 2023-12-01
Target Excel Services
Sector Business Services
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 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 STATS #
Overall 24 of 32
Sector (Business Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 12
State (Maryland) 1 of 2
Country (United States) 22 of 30
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Container Technologies Industries

Helenwood, Tennessee, United States

Container Technologies Industries is a manufacturer of containment solutions for the nuclear industry. CTI is a certified HUBZone small business whose customers include the U.S. Department of Energy, the U.S. Department of Defense, and the commercial nuclear industry. Container Technologies Industries is based in Helenwood, Tennessee.

Buy -