M&A Deal Summary

Pelican Energy Partners Acquires MillenniTek

On July 26, 2024, private equity firm Pelican Energy Partners acquired manufacturer MillenniTek

Acquisition Highlights
  • This is Pelican Energy Partners’ 8th transaction in the Manufacturing sector.
  • This is Pelican Energy Partners’ 25th transaction in the United States.
  • This is Pelican Energy Partners’ 3rd transaction in Tennessee.

M&A Deal Summary

Date 2024-07-26
Target MillenniTek
Sector Manufacturing
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 27 of 29
Sector (Manufacturing) 8 of 8
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (Tennessee) 3 of 3
Country (United States) 25 of 27
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 Stewart Tubular Products

Houston, Texas, United States

Stewart Tubular Products is a manufacturer, distributor, and threader of down-hole tubing and casing accessories. Stewart Tubular Products was founded in 1988 and is based in Houston, Texas.

Buy -
FOLLOWING 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.

Buy -