M&A Deal Summary

Pelican Energy Partners Acquires WedgeRock

On April 1, 2018, private equity firm Pelican Energy Partners acquired manufacturer WedgeRock

Acquisition Highlights
  • This is Pelican Energy Partners’ 2nd transaction in the Manufacturing sector.
  • This is Pelican Energy Partners’ 11th transaction in the United States.
  • This is Pelican Energy Partners’ 1st transaction in Maine.

M&A Deal Summary
Date 2018-04-01
Target WedgeRock
Sector Manufacturing
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

WedgeRock

Limerick, Maine, United States
WedgeRock is a provider of engineered geared actuation products for torque and thrust applications. WedgeRock was founded in 2006 and is based in Limerick, Maine.

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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 13 of 29
Sector (Manufacturing) 2 of 8
Type (Buyout (LBO, MBO, MBI)) 2 of 9
State (Maine) 1 of 1
Country (United States) 11 of 27
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Gordon Technologies

Scott, Louisiana, United States

Gordon Technologies is an independent provider of Measurement-While-Drilling (“MWD”) technology to the oil and gas industry. Gordon’s product offering, including its Heat Miser™ and Shock Miser™ tools. Gordon Technologies was founded in 2014 and is based in Scott, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-28 Lodestar International

Wimberly, Texas, United States

Lodestar International LLC is an independent manufacturer and service provider of downhole dynamics-while-drilling “DWD” measurement tools, which are critical to continued drilling efficiencies and optimization. Lodestar’s flagship products, the I-SUB and I-STRING, provide multiple drilling measurements throughout the drill string and at the drill bit. Lodestar International was founded in 2013 and is based in Wimberly, Texas.

Buy -
Mergr

Product

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