Key Takeaways
- • Pelican Energy Partners acquired Environmental Alternatives (EAI), a New Hampshire-based environmental remediation and nuclear decontamination services provider, marking the fifth add-on acquisition for its Quantum Containment Systems platform.
- • Environmental Alternatives brings proprietary decontamination technology capable of reducing high-level to low-level radioactive material across multiple media types (concrete, steel), positioning Quantum Containment as an integrated nuclear containment and remediation services platform.
- • Quantum Containment now comprises five portfolio companies spanning product manufacturing (containment systems, shielding, packaging) and services (remediation, decontamination, site assessment), established through sequential acquisitions between November 2023 and April 2026.
- • Pelican Energy Partners, founded in 2012, has deployed more than $1 billion across four funds and 33 platform companies focused on small- to mid-market energy services with EBITDA ranging from $1 million to $15 million; the Quantum platform consolidates nuclear infrastructure capabilities ahead of anticipated industry growth.
- • EAI's decontamination technology directly addresses cost reduction and worker safety in nuclear decommissioning processes, creating what management describes as "social license" for nuclear industry expansion.
Summary
Pelican Energy Partners has completed its fifth add-on acquisition for Quantum Containment Systems, acquiring Environmental Alternatives (EAI), a provider of environmental remediation and nuclear decontamination services headquartered in Swanzey, New Hampshire, 90 miles northwest of Boston. The acquisition integrates EAI's site assessment, hazardous waste management, and nuclear decontamination capabilities into an expanding platform designed to serve the nuclear containment and remediation sectors.
Environmental Alternatives operates proprietary technology that enables customers to decontaminate radioactive material from high-level to low-level contamination across diverse substrates including concrete and steel. The company serves industrial site cleanups, nuclear facility maintenance, and decommissioning projects. Randy Martin, EAI's president, stated the partnership aligns with both organizations' emphasis on "safety, technical excellence, and long-term value creation in critical infrastructure services," highlighting Pelican's track record in building and scaling energy services platforms.
The EAI acquisition represents the fifth addition to Quantum Containment since November 2023. The platform now comprises Advanced Technology Group (Colorado-based containment products for nuclear and radio-pharmaceutical markets, November 2023); Container Technologies Industries (Tennessee-based nuclear waste handling containment and shielding, December 2023); Lancs Industries (New Mexico-based radiation shielding and containment materials, September 2024); and Skolnik Industries (Illinois-based industrial containers for hazardous and nuclear material transport, January 2025). This portfolio construction creates vertical integration across containment product manufacturing and specialized services.
Paul Ernster, vice president at Pelican Energy Partners, emphasized that EAI's decontamination technology reduces nuclear decommissioning costs while protecting worker and environmental safety—factors he characterized as essential to establishing regulatory and social support for nuclear industry expansion. Pelican Energy Partners, operational since 2012, has raised four funds totaling more than $1 billion and deployed capital across 33 platform companies in oil, gas, and nuclear energy sectors, typically targeting businesses with $1 million to $15 million in EBITDA.
Environmental Alternatives operates proprietary technology that enables customers to decontaminate radioactive material from high-level to low-level contamination across diverse substrates including concrete and steel. The company serves industrial site cleanups, nuclear facility maintenance, and decommissioning projects. Randy Martin, EAI's president, stated the partnership aligns with both organizations' emphasis on "safety, technical excellence, and long-term value creation in critical infrastructure services," highlighting Pelican's track record in building and scaling energy services platforms.
The EAI acquisition represents the fifth addition to Quantum Containment since November 2023. The platform now comprises Advanced Technology Group (Colorado-based containment products for nuclear and radio-pharmaceutical markets, November 2023); Container Technologies Industries (Tennessee-based nuclear waste handling containment and shielding, December 2023); Lancs Industries (New Mexico-based radiation shielding and containment materials, September 2024); and Skolnik Industries (Illinois-based industrial containers for hazardous and nuclear material transport, January 2025). This portfolio construction creates vertical integration across containment product manufacturing and specialized services.
Paul Ernster, vice president at Pelican Energy Partners, emphasized that EAI's decontamination technology reduces nuclear decommissioning costs while protecting worker and environmental safety—factors he characterized as essential to establishing regulatory and social support for nuclear industry expansion. Pelican Energy Partners, operational since 2012, has raised four funds totaling more than $1 billion and deployed capital across 33 platform companies in oil, gas, and nuclear energy sectors, typically targeting businesses with $1 million to $15 million in EBITDA.
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