Pelican Energy Partners Expands Presence with Skolnik Industries Acquisition

Pelican Energy Partners, a Houston-based private equity firm, recently announced an important strategic move in the industrial sector by acquiring Skolnik Industries, a leading manufacturer of custom industrial packaging. This acquisition positions Pelican to strengthen its foothold in the nuclear industry, where Skolnik has built a reputable niche over the past 40 years.

About Skolnik Industries

Headquartered in Chicago, Illinois, Skolnik Industries specializes in premium, tailored industrial packaging solutions. The company is particularly renowned for its high-quality steel drums, serving both commercial clients and regulated industries, including the nuclear sector where NQA-1 certified drums are critical. Howard Skolnik, the company's founder and current chairman, reflected on the journey of his company from a simple dream rooted in architectural principles to a globally recognized industrial leader. His commitment to product quality and integrity has been a cornerstone of Skolnik’s operations.

Howard Skolnik stated, "Through hard work, resilience, and the incredible dedication of our team, Skolnik became a business much bigger than I ever imagined. We're proud of the unique position we've carved out in the nuclear sector, and I am confident Pelican will further drive the company’s mission forward.”

Future Directions with Pelican

Mike Scott, the Managing Partner and Founder of Pelican Energy Partners, expressed enthusiasm about the acquisition, indicating that Skolnik was well-poised for future growth due to its exceptional management team and increasing demand within the nuclear space. He stated, “This investment marks our continued commitment to the nuclear industry and we expect to see continued upward momentum as a market leader.”

Dean Ricker, the president of Skolnik, will remain at the helm of the company post-acquisition. Speaking to the management team’s excitement about Pelican’s ownership, he emphasized the intention to maintain high levels of service across all sectors. "While our nuclear business played a pivotal role in making this acquisition possible, our commitment to our entire customer base remains unwavering," he noted.

The acquisition signals a strategic venture for Pelican as it navigates future opportunities in the energy sector, particularly in industries that share a commitment to safety and quality.

Supporting Organizations

Legal guidance for Pelican Energy Partners during this acquisition was provided by Reed Smith LLP, while Skolnik Industries received counsel from Pedersen Houpt. The market advisory role for Skolnik was fulfilled by Livingstone Partners, underlining a strong network of professionals involved in this significant transaction.

Conclusion

As the energy landscape evolves, Pelican Energy Partners' acquisition of Skolnik Industries marks an important step in augmenting their operational capabilities while solidifying their commitment to nuclear energy solutions. Moving forward, both companies are poised to leverage their combined strengths in the marketplace, continuing to provide exceptional service and innovative products to meet the needs of their diverse clientele.

For further insights on the ongoing developments at Skolnik Industries and Pelican Energy Partners, you can visit their respective websites: Skolnik and Pelican Energy Partners.