#United States #Pelican Energy #Pleasant Prairie #Hanna Cylinders #hydraulic cylinders

Pelican Energy Partners Acquires Hanna Cylinders

Pelican Energy Partners announced a significant acquisition of Hanna Cylinders, a company based in Pleasant Prairie, Wisconsin, known for its expertise in manufacturing hydraulic and pneumatic cylinders. This strategic move aims to bolster Pelican's position in the industrial market and enhance the domestic supply chain for critical energy sectors, particularly in nuclear infrastructure and industrial applications.

Hanna Cylinders has established itself as a key player in providing high-performance hydraulic and pneumatic solutions, serving various industries including construction, mining, and nuclear energy. With over a century of experience, Hanna has built a reputation for its precision-engineered products that meet strict safety and operational standards. The acquisition comes at a time when demand for specialized manufacturing solutions is on the rise, and Pelican aims to capitalize on this trend by integrating Hanna's capabilities into its operational portfolio.

Walter Weathers, Managing Director of Pelican Energy Partners, expressed enthusiasm about the acquisition, stating, "Hanna Cylinders represents an ideal platform for Pelican due to its deep technical capability, longstanding customer relationships, and a culture built on quality products and innovation." He emphasized the need for scaling suppliers of critical equipment as the demand across the energy and infrastructure sectors continues to grow.

Hanna's product line includes customizable cylinders that are designed to perform under extreme conditions, providing both durability and precision. This aligns well with Pelican's strategic goals of investing in companies that support the U.S. nuclear operators and industrial sectors.

Tim Barefoot, President of Hanna Cylinders, is equally optimistic about the partnership. He noted, "This investment aligns with our growth strategy that will allow us to expand operations, optimize production and engineering capabilities, and continue advancing our custom cylinder technologies." He highlighted the commitment to delivering high-quality products and unparalleled technical expertise to their customers, which has defined Hanna's mission for decades.

The continuity of operations is assured as Hanna will maintain its name and brand, with its current management team overseeing its activities. The legal aspects of the acquisition were handled by Reed Smith for Pelican Energy Partners and by the Law Offices of Anthony F. Newton for Hanna.

Pelican Energy Partners has been making strides in the energy sector since its inception in 2011, raising over $1 billion in committed capital and successfully executing more than 15 investments. The firm is focused on supporting high-growth energy equipment and service companies within the oil, gas, and nuclear sectors.

With this acquisition, Pelican Energy Partners is set to enhance its manufacturing capabilities significantly while reinforcing the resilience of the U.S. supply chain for essential energy infrastructure. This strategic alignment not only promises growth for Hanna but will also have broader implications for ensuring the availability of specialized equipment in the energy sector. By investing in and supporting specialized manufacturers like Hanna, Pelican is contributing to a secure and sustainable future for the U.S. energy landscape.

For more insights into Hanna and its operations, interested parties can visit Hanna Cylinders. To learn more about Pelican Energy Partners and their investment strategy, visit Pelican Energy Partners.