Pelican Energy Partners Closes Debut Fund, Announces Hire
February 13, 2013
Pelican Energy Partners, a specialized private equity firm based in Houston, has closed its debut fund at $120 million. Pelican will focus its investments on smaller, high growth energy service companies with sustained earnings outlooks. The firm also announced the addition of Joe Welsh as managing director. Mr. Welsh was most recently with Complete Production Services, where he successfully executed over 30 transactions in the energy services industry. He has also served as founder and CEO of Longview Capital & Management, an equity fund targeted at service industry companies.