Buyout (LBO, MBO, MBI) • Manufacturing

Pelican Energy Partners Acquires WedgeRock

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date April 1, 2018
Target WedgeRock
Sector Manufacturing
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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 Overview 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 Context for Buyer #
Overall 13 of 33
Sector: Manufacturing 2 of 10
Type: Buyout (LBO, MBO, MBI) 2 of 13
State: Maine 1 of 1
Country: United States 11 of 31
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.

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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 -