M&A Deal Summary

Pelican Energy Partners Acquires United Services Group

On March 10, 2025, private equity firm Pelican Energy Partners acquired business services company United Services Group

Acquisition Highlights
  • This is Pelican Energy Partners’ 3rd transaction in the Business Services sector.
  • This is Pelican Energy Partners’ 30th transaction in the United States.
  • This is Pelican Energy Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2025-03-10
Target United Services Group
Sector Business Services
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Capstone Partners (Financial)
Chuhak & Tecson (Legal)

Target

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.

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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 32 of 33
Sector: Business Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 13
State: North Carolina M&A 1 of 1
Country: United States M&A 30 of 31
Year: 2025 M&A 3 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
2025-11-21 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.

Buy -