NFPA member Hanna Cylinders has announced that it has been acquired by Pelican Energy Partners, a private equity firm specializing in energy services and manufacturing investments. The company shared that its name, mission, and leadership team will remain in place following the transition, and that the acquisition represents a new phase in its long history within the fluid power and motion control industry.
With roots dating back to 1901, Hanna Cylinders is known for producing heavy-duty hydraulic and pneumatic cylinders used acrss construction, material handling, agriculture, mining, automotive, marine, oil & gas, and nuclear applications. The company noted that the investment is intended to support future growth and operational expansion.