# Pelican Energy Partners

Pelican Energy Partners is an Asset Manager based in Houston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** 2050 W. Sam Houston Pkwy. S. #1550, Houston, TX 77042, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.pelicanenergypartners.com
- **LinkedIn:** https://www.linkedin.com/company/pelican-energy-partners-lp

## Regulatory record

- **CRD number:** 163267
- **SEC file number:** 801-107702
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-21T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/163267

## About

Pelican Energy Partners is an SEC-registered investment adviser in Houston, TX, registered since 2016. The firm manages approximately $1.0 billion in assets. It has 29 employees and 15 investment advisers.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Industrial Tech
- AI/ML

## People

- Mike Scott — Managing Partner, Founder
- William E. Chiles — Managing Partner

## Questions

### Who runs investment decisions at Pelican Energy Partners?

Mike Scott, the firm's founder, serves as Managing Partner alongside William E. Chiles, also a Managing Partner. The investment team is supported by four Managing Directors — Jay Surina, Walter Weathers, and Sam Veselka — and a group of Vice Presidents and Associates. Key strategic and operational decisions are guided by an in-house team of Operating Partners and Industry Advisors, including Director of Operational Excellence Chetan Chivate and Director of Health, Safety, & Environment Jeff Fitzgerald.

### How does Pelican Energy Partners source proprietary deal flow?

Pelican sources deals through deep industry networks built by its partners and operating advisors, many of whom are former energy services executives. The firm targets founder-owned businesses, corporate carve-outs, and succession-driven sales in niche energy manufacturing and services, often in fragmented corners of the supply chain. Its operating-partner model serves as a sourcing advantage, as company owners frequently engage Pelican directly when seeking a buyer who understands their industry beyond financial engineering.

### Does Pelican participate in fund commitments or only direct deals?

Pelican exclusively makes direct control investments and does not serve as a limited partner in third-party funds. The firm's strategy is to acquire majority or full ownership positions in energy service and manufacturing companies, then apply its in-house operating resources to consolidate and improve them. Its four funds — Pelican Fund I, II, III, and Base Zero — are all direct-investment vehicles.

### What investment stages and transaction types does Pelican typically target?

Pelican targets buyouts, corporate divestitures, recapitalizations, and spin-offs of established energy service and manufacturing companies. It does not pursue early-stage or venture-style startup rounds. Acquired companies have 'established track records of profitability and demonstrable potential for growth,' often with significant operating history — WSI has over 47 years of experience, and Hanna Cylinders has more than a century.

### How is Pelican's nuclear strategy different from its oilfield services work?

The nuclear strategy, concentrated in Pelican Fund Base Zero, specifically targets NQA-1 certified manufacturers and specialty contractors serving the US nuclear-power fleet. Acquisitions include radiation-shielding products maker Lancs, containment-solutions firm CTI, and AI-based reactor-optimization software provider Blue Wave AI Labs. This vertical is distinct from the firm's oilfield services funds, which focus on pressure control, artificial lift, and drilling-completion technologies in North American shale basins.

## Related profiles

- [Pelican Ag](https://altss.com/profile/pelican-ag)
- [Pelican Ventures](https://altss.com/profile/pelican-ventures-group)

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Last updated: 2026-07-08T22:53:04.612Z

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