Pelican Energy Partners Base Zero LP recently announced the acquisition of Container Technologies Industries, LLC, from a group of private shareholders. Based in Helenwood, Tennessee, CTI manufactures containment solutions for the nuclear industry. CTI is a certified HUBZone small business whose customers include the U.S. Department of Energy, the U.S. Department of Defense, and the commercial nuclear industry.
Pelican named Dr. Danielle Castley as President of CTI in connection with the acquisition. Dr. Castley has over a decade of experience in the nuclear industry and a Ph.D. in Material Science with a background in radiation shielding materials.
KEY QUOTES:
“CTI is a great company with a 20+ year track record of expansion. The company’s highly-experienced team has a reputation of delivering the highest quality containment solutions, including specialty products and industry-standard containers. The business is well positioned to deliver products for growing customer demand.” In addition to the majority buyout of legacy shareholders, Pelican has invested growth capital into the business to expand capacity.”
— Mike Scott, the Founding Partner of Pelican
“We are excited to continue serving the Department of Energy and the thriving commercial nuclear industry. I also look forward to leading CTI to innovate in manufacturing to address the emerging needs of advanced reactors. CTI will also expand our production capabilities to support Governor Lee’s intent of establishing Tennessee as the leader of America’s nuclear supply chain. CTI is located in Helenwood, an economic development zone, where CTI will be actively recruiting to employ and train the next generation nuclear manufacturing workforce.”
— Dr. Castley
