M&A Deal Summary

Pelican Energy Partners Acquires GSE Systems

On August 8, 2024, private equity firm Pelican Energy Partners acquired software company GSE Systems

Acquisition Highlights
  • This is Pelican Energy Partners’ 3rd transaction in the Software sector.
  • This is Pelican Energy Partners’ 26th transaction in the United States.
  • This is Pelican Energy Partners’ 2nd transaction in Maryland.

M&A Deal Summary
Date 2024-08-08
Target GSE Systems
Sector Software
Buyer(s) Pelican Energy Partners
Deal Type Add-on Acquisition
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Miles & Stockbridge
Potter Anderson & Corroon (Legal)

Target

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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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 28 of 29
Sector (Software) 3 of 3
Type (Add-on Acquisition) 1 of 1
State (Maryland) 2 of 2
Country (United States) 26 of 27
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 MillenniTek

Knoxville, Tennessee, United States

MillenniTek is a developer, manufacturer, and supplier of advanced materials for the nuclear energy industry. MillenniTek was founded in 2010 and is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-09 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.

Buy -
Mergr

Product

Company

Legal