Pelican Energy Partners, a private equity firm focused on the oilfield services and equipment sector, has partnered with Craig Johnson and completed an equity investment in Johnson Specialty Tools LLC (JST).
JST provides complete fluid management systems for drilling rigs including specialized pumps, mixing equipment, tanks, and other related equipment that contains, controls, and manages both oil and water based mud on drilling locations. The company is headquartered in Houston, TX and has locations in Pleasanton, TX and Midland, TX. JST is led by Craig and Brett Johnson. Craig Johnson was previously the founder and CEO of Stallion Oilfield Services.
Pelican's growth equity investment will be used to fund both JST's organic growth opportunities and for strategic acquisitions.