Pelican Energy Partners completed the acquisition of Iron Horse Tools from Bluehenge Capital Partners.

Pelican Energy Partners, a private equity fund focused on the energy service and equipment sector, completed the acquisition of Iron Horse Tools, a provider of automated drilling chokes, from Bluehenge Capital Partners, a capital investment manager. Financial terms were not disclosed. "Pelican has been familiar with the Iron Horse business for many years and is excited to get the opportunity to partner with the Iron Horse team. We expect IHT to continue to build upon their already impressive market share with market leading MPD technology and unmatched service across the US," Mike Scott, Pelican Managing Partner.