Tuesday, May 30, 2017

Pelican Energy Partners Invests In in Johnson Specialty Tools

Houston-based private equity investor Pelican Energy Partners announced this morning that it has made a "significant" growth equity investment in Johnson Specialty Tools, LLC (JST). JST develops fluid management systems for drilling rigs including specialized pumps, mixing equipment, tanks, and other related equipment that contains, controls, and manages both oil and water based mud on drilling locations. Size of the investment was not announced. Pelican Energy focuses on investments specifically in the oilfield services and equipment sector.