Capstone Partners advised United Services Group—a full-service specialty contractor serving general contractors and Utilities—on its recapitalization by Pelican Energy Partners.
United Services Group, located In North Carolina, is a holding company of United Energy Services, a non-union division, and United Technical Services, the union division. The company is a full-service specialty contractor serving general contractors and Utilities in the Nuclear, Fossil, Natural Gas, Solar, and Petrochemical Industries. The company’s services include specialty welding, on-site machining, pre- and post-weld heat treatment, NDE, shop fabrication, manpower support, millwright services, quality assurance, and equipment rental. For more Information visit: here.
Capstone was a trusted partner every step of the way – proactive, insightful, and dedicated to our success, ensuring a smooth and successful transaction.
“We have witnessed the remarkable success of United Services Group over the past decade. The team is composed of highly skilled tradesman, and the business is best-in-class at sourcing top-tier talent for onsite welding and heat-treating services. It was a privilege to represent the two owners of this business,” commented Ted Polk, Managing Director and Co-Head of the Industrial Investment Banking Group at Capstone.
Mike Scott, Managing Partner at Pelican Energy Partners, stated, “In the markets we follow, the demand for skilled labor regularly exceeds the supply of talented personnel and that is most certainly the case in the markets served by United Services Group. We are excited to partner with this very talented team and to help them take advantage of the large growth opportunity that exists for their business.”
Founded in 2011, Pelican Energy Partners is an operationally focused 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. For more information visit: here.
The expert investment banking professionals on Capstone Partners’ Industrials Team work with leading middle market companies operating in the Industrial Services market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Industrial Services Banking Team, contact us here.
