Pelican Energy Partners completed the acquisition of MillenniTek.

Pelican Energy Partners, a private equity firm, completed the acquisition of MillenniTek, a developer, manufacturer, and supplier of advanced materials for the nuclear energy industry. Financial terms were not disclosed. "Pelican is excited to partner with MillenniTek's exceptional management team. The Company is highly regarded within the nuclear supply chain, and well positioned to continue its trajectory as a market leader. Moreover, this investment marks our second within the Knoxville area in the past eight months. We aim to drive growth and create new jobs in Tennessee, reinforcing the State's enduring commitment to nuclear energy," Walter Weathers, Pelican Managing Director.