PPHB Advises Iron Horse Tools on the Sale to Pelican Energy Partners
Iron Horse Tools, Inc. (“IHT”)
IHT is a leading provider of rental equipment and associated services for drilling operations. IHT’s proprietary autochoke offering has become the industry’s preferred solution for drilling chokes. Headquartered in Corpus Christi, Texas, IHT has established a strong operating presence in nearly every major oil & gas region in the U.S. onshore marketplace. IHT was founded in 2008 and currently employs over 150 personnel.
Bluehenge Capital Partners (“Bluehenge”)
Bluehenge is a Baton Rouge, Louisiana-based private equity and private credit investment firm offering creative capital solutions for lower middle-market businesses across various industries. With ~27 years of experience together and over $350 million of assets under management, the Bluehenge team provides capital for buyouts, acquisitions and growth to companies nationwide.
Pelican Energy Partners (“Pelican”)
Founded in 2011, Pelican is a Houston, Texas-based private equity fund specializing in strategic investments in small to middle-market, high-growth potential energy service and equipment companies with sustained earnings outlooks. The firm has raised $563 million of committed capital and is currently investing out of its third fund.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: