Pelican Energy Partners has acquired United Services Group (USG), a specialty contractor providing welding, machining, and fabrication services.
USG operates through two divisions: United Energy Services, which serves non-union projects, and United Technical Services, which handles union-based work.
Houston-headquartered Pelican Energy Partners makes equity investments in small to middle-market energy services and equipment companies operating in the oil, gas, and nuclear energy sectors.
Boston-headquartered investment bank Capstone Partners was the financial advisor to USG on this transaction.