Pelican Energy Partners Announces Significant Investment in Quinn Artificial Lift Services

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Feb 08, 2017, 10:07 ET

HOUSTON, Feb. 8, 2017 /PRNewswire/ -- Pelican Energy Partners, a private equity firm focused on the oilfield services and equipment sector, is pleased to announce it has partnered with Doug Quinn and completed a significant growth equity investment in Quinn Artificial Lift Services ("Quinn ALS"). Headquartered in Red Deer, Alberta, Quinn ALS manufactures high quality downhole rod pumps and components as well as provides specialized aftermarket repair services from 24 service locations strategically located throughout the oil and gas producing areas of the US and Canada. Mr. Quinn previously owned and was CEO of Quinn's Oilfield Supply, which was acquired by Lufkin Industries in 2011 for more than $300 million. At the time, the business was one of the largest reciprocating rod pump manufacturers in North America.

About Pelican Energy Partners

Pelican Energy Partners is a Houston-based private equity fund specializing in strategic investments in small to middle-market, high growth potential energy service and equipment companies with sustained earnings outlooks. Pelican's Fund I investments include Capline Environmental Services, Elite Production Services, Downhole Technology, Rapid Rod Service, Flowco Production Solutions, Elite Multiphase Solutions, Multilift Welltec and P360 Management Solutions. Pelican closed its second fund in July 2016. Quinn ALS represents Pelican's fourth investment out of Fund II, joining Epic Industrial Solutions, Slingshot Supply and Global Heat Transfer.

Contact: Mike Scott
Pelican Energy Partners
(713) 559-7112

SOURCE Pelican Energy Partners