Pelican Energy Partners

Pelican Energy Partners is a private equity firm based in Houston, Texas, established in 2011. The firm focuses on strategic investments in small to mid-market energy service and equipment businesses that demonstrate high development potential. Pelican Energy Partners primarily targets opportunities within the business-to-business, energy, and manufacturing sectors across the United States and Canada. As a Registered Investment Adviser, the firm is dedicated to identifying and nurturing companies that can benefit from its investment expertise.

William Chiles

Managing Partner

Jason Doan

Associate

Paul Ernster

Senior Associate

Greg Hottle

Operating Partner

Christian Juengling

Associate

Ian Levy

Senior Associate

Ryan Lloyd

Senior Associate

Jay Surina

Managing Director

Sam Veselka

Principal

Walter Weathers

Managing Director

Joe Welsh

Managing Director

Mike Scott

Managing Partner, Founder

Past deals in North Dakota

Iron Horse Tools

Acquisition in 2023
Iron Horse Tools, LLC specializes in providing rental tools and equipment for the oil and gas industry, focusing on regions such as South Texas, Louisiana, and North Dakota. Founded in 2008 and based in Corpus Christi, Texas, the company offers a range of products including high-pressure control drilling chokes, hydrostatic test trucks, stabilizers, and rotating control devices. These tools are designed to enhance safety and efficiency during managed pressure drilling operations. In August 2020, Iron Horse Tools, LLC filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, indicating financial restructuring efforts.
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