Pelican Energy Expands Nuclear Platform with EAI Acquisition

Pelican Energy Partners has acquired Environmental Alternatives Inc. (EAI), also known as Environmental Services, Inc., expanding its footprint in nuclear services and environmental remediation as demand for specialized infrastructure solutions accelerates.

EAI will be integrated into Pelican’s nuclear containment platform, bringing capabilities in radiological cleanup, hazardous waste management and decommissioning support. The company serves a broad client base across energy, industrial and government sectors, including the U.S. Department of Energy, and has developed expertise in site assessment, nuclear decontamination and complex waste handling.

Pelican said the transaction aligns with its focus on investing in businesses that underpin U.S. supply chain resilience and essential energy infrastructure. The addition of EAI enhances the firm’s ability to capitalize on long-term tailwinds in nuclear power, including plant aging, modernization initiatives and increasing regulatory requirements around waste management.

Paul Ernster of Pelican pointed to EAI’s proprietary decontamination technology as a key differentiator. The process can convert high-level radioactive material into lower-level waste across materials such as concrete and steel, improving safety outcomes while lowering overall project costs.

“We are excited to partner with Pelican, who shares our focus on safety, technical excellence, and long-term value creation in critical infrastructure services,” said Randy Martin, President of EAI. “Pelican’s experience in building and scaling energy services platforms will support our continued growth as we expand our role in nuclear containment and remediation.”

EAI’s leadership team will remain in place post-acquisition. Pelican, which has raised more than $1 billion since its founding, is currently investing out of its fourth fund focused on nuclear-related opportunities. Terms of the deal were not disclosed.