Pelican Energy completed the acquisition of Springs from Machine Build.

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.