Pelican Energy Partners Announces Acquisition Of Springs Advanced Technology Group From Machine Build Technologies
Pelican Energy Partners Announces Acquisition Of Springs Advanced Technology Group From Machine Build Technologies
11/21/23, 12:05 PM
Location
Industry
venture capital
Pelican Energy Partners Base Zero LP ("Pelican") is pleased to announce that it has acquired Springs ATG, LLC ("Springs ATG") from Machine Build Technologies. In conjunction with the transaction, Springs ATG will be rebranded as Advanced Technology Group ("ATG" or the "Company"). ATG is based in Westminster, Colorado and is a manufacturer of containment solutions, including gloveboxes, for the nuclear industry. The Company's containment solutions are used in multiple applications to facilitate life extension of nuclear power plants across North America, as well as enabling the nascent SMR/Advanced Reactor industry.
Company Info
Location
Houston, Texas, United States
Company info
Pelican Energy Partners is a Houston-based private equity firm specializing in strategic investments in small to middle-market, high-growth potential energy service and equipment companies. The firm makes investments in energy equipment and service companies in the oil and gas and nuclear sectors.