Introduction
On November 1, 2024, GSE Solutions (GSE), a leader in advanced engineering solutions for the clean-energy sector, announced the successful closing of its merger with an affiliate of Pelican Energy Partners. This strategic merger, overwhelmingly approved by GSE shareholders, marks a significant milestone in the company's journey toward supporting decarbonization initiatives in the power industry. Learn more: GSE Solutions and Pelican Energy Partners Announce Closing of Merger
Ankura's Role in the Transaction
Ankura Capital Advisors rendered a fairness opinion to the Board and shareholders of GSE in connection with the transaction.
Quote from Ankura Leadership
Richard Hitt, Senior Managing Director and Leader of Ankura's Valuation Services practice and Karl D'Cunha, Managing Director were responsible for delivering the fairness opinion. “The partnership with Pelican Energy Partners was executed by GSE to provide it growth capital to take its business to a new level.”, according to Mr. Hitt.
Strategic Importance of the Merger
GSE is pleased to have delivered what it considers to be maximum value to GSE stockholders and, at the same time, leave GSE in good hands with Pelican Energy Partners who understands the long-term prospects for the nuclear power industry.
Conclusion
Ankura Capital Advisors is proud to have played a pivotal role in this landmark transaction by providing a fairness opinion that supported GSE's Board of Directors in making informed decisions. We look forward to witnessing the positive outcomes of this merger as GSE and Pelican Energy Partners embark on their shared journey to advance the nuclear power industry.
Call to Action
Ankura's Valuation Services practice is experienced in rendering fairness opinions and providing a full range of valuation and transaction advisory services. If the Valuation Services team can be of assistance, please reach out to either Richard Hitt (312) 953-7197 or Karl D'Cunha (312) 583-3707.
© Copyright 2024. The views expressed herein are those of the author(s) and not necessarily the views of Ankura Consulting Group, LLC., its management, its subsidiaries, its affiliates, or its other professionals. Ankura is not a law firm and cannot provide legal advice.
