Pelican Energy Partners Expands Portfolio with United Services Group Acquisition

In a significant move to bolster its position in the energy services sector, Pelican Energy Partners has announced the acquisition of United Services Group (USG), a full-service contractor based in Charlotte, North Carolina. This strategic partnership marks an essential chapter for both companies, promising to enhance their capabilities in providing top-tier services to domestic utilities and power generation clients.

Founded in 2011, Pelican Energy Partners has carved a niche in the private equity landscape, focusing on strategic investments in small to middle-market companies with high growth potential in the energy services and equipment sectors. The firm's latest acquisition reflects its ongoing commitment to the energy sector, further diversifying its portfolio and strengthening its market presence.

A Promising Future for USG

Stephen Gillman, the founder and CEO of United Services Group, expressed his enthusiasm about the partnership, stating, "The USG team is thrilled to partner with Pelican Energy Partners as we begin the next chapter of USG. We look forward to working with Pelican's team and utilizing its expertise in operating and growing businesses in the energy services industry." This excitement highlights the potential benefit for USG in terms of operational efficiency and innovation.

USG is known for its comprehensive range of services, including welding, machining, and fabrication. The company operates across various industries, such as nuclear, fossil, natural gas, solar, and petrochemical, demonstrating its versatility and expertise in the energy sector. With certifications including ASME S-Stamp and U-Stamp and the National Board R-Stamp Certificate of Authorization, USG stands out for its dedication to high standards and compliance in all its operations.

Pelican's Commitment to Growth

Mike Scott, the Managing Partner and Founder of Pelican, shared insights on this acquisition, stating, "Our investment in USG reflects our continued commitment to investing across the energy services sector. We are excited to partner with USG as they continue to deliver exceptional value for their customers and employees in a critical area within the energy services value chain." This perspective underscores Pelican's strategic vision of fostering growth through partnerships and investments that enhance service quality.

Reputable Industry Standing

As a full-service specialty contractor, United Services Group maintains nearly 70 qualified welding procedures, ensuring reliability and excellence among industrial and power contractors. USG has earned a reputation for prioritizing safety, innovation, and customer satisfaction, which are critical in today's competitive energy market. This dedication to service quality is expected to align well with Pelican's operational strategies, leading to enhanced service delivery and client satisfaction.

Legal and Advisory Support

The acquisition was supported by legal counsel from Reed Smith LLP for Pelican and Chuhak Tecson, P.C. for USG, with Capstone Partners acting as the M&A advisor to USG. Their involvement underscores the importance of legal and financial frameworks in facilitating successful acquisitions, ensuring that the transition is smooth and beneficial for all stakeholders involved.

Looking Ahead

With this acquisition, Pelican Energy Partners not only expands its operational capacity but also reinforces its position as a leader in energy services. The strategic move towards acquiring USG promises to unlock new opportunities for growth and collaboration, emphasizing the need for continual innovation in an ever-evolving industry. As both companies work together to create value, the energy market will be watching closely for what this partnership will achieve in the coming years.

For additional information about United Services Group and their services, you can visit USG's website.

For more details about Pelican Energy Partners, please check their official site at Pelican Energy Partners.