Pelican Energy Partners Base Zero has acquired Container Technologies Industries (CTI) from a group of private shareholders.
CTI is based in Helenwood, Tenn., and is a manufacturer of 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.
“CTI is a great company with a 20+-year track record of expansion,” said Mike Scott, the founding partner of Pelican. “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.