Quantum Containment Closes Fifth Buy

Pelican Energy Partners has acquired Environmental Alternatives, a provider of environmental remediation and nuclear decontamination services.

Environmental Alternatives (EAI) performs site assessment and remediation work, manages hazardous waste and conducts nuclear decontamination. The company’s services are used in projects involving both radioactive and hazardous materials, from industrial site cleanups to nuclear facility maintenance and decommissioning. The company is headquartered 90 miles northwest of Boston in Swanzey, New Hampshire.

The buy of EAI is Pelican’s most recent add-on for Quantum Containment Systems, the firm’s nuclear containment and services platform. With this acquisition, EAI joins four other businesses under the Quantum umbrella: Advanced Technology Group, a Colorado-based maker of containment products used in the nuclear and radio-pharmaceutical industries (November 2023); Container Technologies Industries, a Tennessee-based manufacturer of containment and shielding systems used in nuclear waste handling (December 2023); Lancs Industries, a New Mexico-based maker of radiation shielding and containment materials (September 2024); and Skolnik Industries, an Illinois-based manufacturer of industrial containers and packaging used in the transport of hazardous and nuclear materials (January 2025).“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, the 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, environmental remediation, and radiological services.”

“EAI’s proprietary technology allows customers to decontaminate high level to low level radioactive material in a variety of media from concrete to steel. This technology keeps workers and the environment safe while saving customers millions of dollars in a decommissioning process. Using EAI to reduce nuclear waste provides the social license for the nuclear industries continued growth.” said Paul Ernster, a vice president at Pelican.

Pelican Energy makes equity investments in small- to middle-market energy services and equipment companies operating in the oil, gas and nuclear energy sectors. These target companies typically have EBITDA ranging from $1 million to $15 million. Since founding in 2012, the firm has raised four funds totaling more than $1 billion in capital and invested in 33 platform companies.