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New Deal


Announced

Completed

Pelican Energy completed the acquisition of Springs from Machine Build.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Construction Services

Acquisition

Friendly

United States

Domestic

Private

containment solutions

Majority

Private Equity

Completed

Single Bidder

Synopsis

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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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