Announced
Completed
Financials
Tags
Construction Services
Acquisition
Friendly
United States
Domestic
Private
containment solutions
Majority
Private Equity
Completed
Single Bidder
Synopsis
Pelican Energy, a private equity firm, completed the acquisition of Springs Advanced Technology Group, a manufacturer and solutions provider of custom containment systems, from Machine Build Technologies, a manufacturing services provider. Financial terms were not disclosed. "We are thrilled to partner with Pelican Energy Partners. They have a unique focus of investing in the nuclear sector and have been very enthusiastic about supporting our existing growth plan. Our business is in high growth mode and now we have all the financial resources we need to accomplish our goals," Kevin Oliver, ATG President.
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