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Pelican Energy Acquires Riggins Company

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Pelican Energy Partners has acquired Riggins Company, a Hampton, Virginia-based provider of engineered metal fabrication and custom components. The acquisition strengthens Pelican's portfolio in industrial manufacturing and defense-adjacent sectors.

Founded in 1960, Riggins offers custom metal fabrication and weldments, specialty welding, engineering and design, turnkey project management, and field installation services. These capabilities serve the US Navy and its shipbuilding partners, as well as the power, refining, petrochemical, and aerospace industries.

Justin Byrum serves as president and CEO of Riggins, leading a team with decades of experience in complex fabrication projects. The company's expertise in naval and industrial applications aligns with Pelican Energy's strategy of investing in specialized manufacturing platforms.

The deal positions Pelican to expand its footprint in defense supply chains and energy infrastructure markets, leveraging Riggins' established relationships and technical capabilities across multiple regulated industries.