M&A Deal Summary

Pelican Energy Partners Acquires Hanna Cylinders

On November 21, 2025, private equity firm Pelican Energy Partners acquired energy services and equipment company Hanna Cylinders

Acquisition Highlights
  • This is Pelican Energy Partners’ 11th transaction in the Energy Services and Equipment sector.
  • This is Pelican Energy Partners’ 31st transaction in the United States.
  • This is Pelican Energy Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2025-11-21
Target Hanna Cylinders
Sector Energy Services and Equipment
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Hanna Cylinders

Pleasant Prairie, Wisconsin, United States
Hanna Cylinders designs and manufactures industrial-grade hydraulic and pneumatic cylinders, including tie-rod and custom-engineered cylinders, and serves sectors such as mobile equipment, nuclear, and machining. Hanna Cylinders was founded in 1901 and is based in Pleasant Prairie, Wisconsin.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 33 of 33
Sector: Energy Services and Equipment M&A 11 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 13
State: Wisconsin M&A 1 of 1
Country: United States M&A 31 of 31
Year: 2025 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-10 United Services Group

Charlotte, North Carolina, United States

United Services Group is a full-service welding, machining, and fabrication contractor to domestic utilities and power generation customers. United Services Group is based in Charlotte, North Carolina.

Buy -