M&A Deal Summary

Pelican Energy Partners Acquires Lancs

On January 13, 2025, private equity firm Pelican Energy Partners acquired manufacturer Lancs

Acquisition Highlights
  • This is Pelican Energy Partners’ 10th transaction in the Manufacturing sector.
  • This is Pelican Energy Partners’ 29th transaction in the United States.
  • This is Pelican Energy Partners’ 1st transaction in New Mexico.

M&A Deal Summary

Date 2025-01-13
Target Lancs
Sector Manufacturing
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cairncross & Hempelmann PS (Legal)

Target

Lancs

Albuquerque, New Mexico, United States
Lancs manufactures lead wool blankets, containment tents, glove bags, shielding products, protective clothing to the U.S. Department of Energy nuclear waste remediation, commercial nuclear power, U.S. Navy, National Laboratory, and pharmaceutical sectors. Lancs was formed in 1974 and is based in Albuquerque, New Mexico.

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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 31 of 33
Sector: Manufacturing M&A 10 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 13
State: New Mexico M&A 1 of 1
Country: United States M&A 29 of 31
Year: 2025 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Skolnik

Chicago, Illinois, United States

Skolnik manufactures customized new carbon and stainless steel drums serving commercial and regulated industries. It offers a distinct value proposition for customers by fulfilling customized high-mix, lower-volume industrial packaging solutions. Skolnik is based in Chicago, Illinois.

Buy -
FOLLOWING 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 -