Pleasant Prairie-based Hanna Cylinders, a manufacturer of hydraulic and pneumatic cylinders, has been acquired by Houston-based investment bank Pelican Energy Partners.
Pelican typically invests in highly specialized manufacturing and equipment suppliers serving critical nuclear infrastructure and energy markets.
The acquisition of Hanna Cylinders supports Pelican’s investment strategy of strengthening a fully domestic supply chain for U.S. nuclear operators and industrial sectors.
“I am pleased to share this exciting next chapter in Hanna’s history,” said Tim Barefoot, president of Hanna Cylinders. “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.”
Hanna Cylinders’ product portfolio includes custom and standard cylinder configurations built to withstand demanding operating conditions, precise motion control requirements, and stringent safety specifications.
Hanna will continue to operate under its existing name and brand, led by its current management team.
“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,” said Walter Weathers, managing director of Pelican Energy Partners. “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.”
