Middle-market private equity firm Pelican Energy Partners LP made an investment in Axon Pressure Products Inc. for an undisclosed sum.
The acquisition was in partnership with Keith Klopfenstein and Gus Halas, who will lead Axon as CEO and chairman, respectively.
Both executives recently worked at T-3 Energy Services LLC. Halas served as T3's CEO and chairman, while Klopfenstein was the pressure-control group's senior vice president.
Axon is a Houston-based pressure-control equipment manufacturer and service provider. Pelican invests in energy service and equipment businesses.
Kirkland and Ellis LLP served as the lead legal counsel for Pelican.