Pelican Energy Partners Acquires Precision Manufacturer Veridiam

Veridiam, which has operated for over 60 years, produces high-performance parts from exotic metals including titanium, nickel-based superalloys, and refractory metals. The company will continue to function under its current brand and management team, leveraging its vertically integrated U.S. operations to address growing demand for mission-critical components in highly regulated industries.

Mike Scott, founder of Pelican Energy Partners, noted that the acquisition aligns with the firm’s investment thesis, which focuses on providing capital and operational support to businesses with high growth potential. Veridiam CEO Brian Joyal stated the partnership will accelerate the modernization of their manufacturing capabilities. Legal counsel for the transaction was provided by Troutman Pepper Locke for Pelican and Mayer Brown for Veridiam. Pelican, which has raised over $1 billion since 2011, is currently deploying its fourth fund to advance the infrastructure and service capabilities of the nuclear energy sector.