Pelican Energy Partners has acquired Wisconsin-based Hanna Cylinders, strengthening its portfolio of specialized manufacturing companies serving the nuclear and broader industrial markets. The transaction provides Pelican with a new strategic platform to support critical domestic supply chains for high-performance hydraulic and pneumatic equipment used across energy, infrastructure, and heavy industrial applications.
Hanna Cylinders, headquartered in Pleasant Prairie, Wisconsin, has more than a century of engineering and manufacturing experience. The company is known for producing precision-engineered cylinders built to withstand demanding operating environments, offering both custom and standard product lines for construction equipment, material handling, agriculture, mining, automotive systems, marine applications, oil and gas infrastructure, nuclear facilities, and general industrial markets. Its technologies are designed to deliver high durability, dependable motion control, and adherence to stringent safety requirements.
Pelican noted that the newly acquired company will play a central role in its strategy to build and scale specialized equipment suppliers that support the needs of U.S. nuclear operators and other industrial customers requiring highly technical components. The firm highlighted the increasing demand emerging across the energy and infrastructure sectors, emphasizing the value of domestic suppliers focused on mission-critical manufacturing.
Hanna Cylinders will retain its name, brand, and current management team as it enters this next phase of growth. The company plans to expand operations, strengthen production capabilities, and accelerate development of advanced custom cylinder technologies. Reed Smith served as legal counsel to Pelican Energy Partners, while the Law Offices of Anthony F. Newton represented Hanna Cylinders.
Pelican Energy Partners, founded in 2011, focuses on investments in energy equipment and services companies with specialization in the oil and gas and nuclear segments. The firm has raised over $1 billion across its investment vehicles and continues to deploy capital from its fourth fund, dedicated to companies supporting the nuclear energy ecosystem and the preservation of critical infrastructure.
KEY QUOTES
“Hanna Cylinders represents an ideal platform for Pelican due to its deep technical capability, longstanding customer relationships, and culture built on quality products and innovation. As demand across the broader energy and infrastructure sectors continues to grow, the need to support and scale suppliers of critical and highly specialized equipment has never been more important. We look forward to supporting Hanna’s continued growth, innovation, and operational excellence.”
Walter Weathers, Managing Director, Pelican Energy Partners
“I am pleased to share this exciting next chapter in Hanna’s history. This investment aligns with our growth strategy that will allow us to expand operations, optimize production and engineering capabilities, and continue advancing our custom cylinder technologies. We remain committed to delivering the high-quality, dependable products and technical expertise our customers have relied on for decades.”
Tim Barefoot, President, Hanna Cylinders
