• Pelican Energy Partners acquired Riggins, a Hampton, Virginia-based engineered metal fabrication supplier to the U.S. Navy’s nuclear fleet and shipbuilding partners.
• Riggins was founded in 1960. Its work includes custom fabrication and weldments, specialty welding, engineering and design, project management, field installation.
• Pelican plans to invest to expand Riggins’ capacity to meet rising demand tied to U.S. submarine and aircraft carrier fleet investment.
• Riggins’ existing leadership team, led by President and CEO Justin Byrum, will continue to run the business.
• Reed Smith advised Pelican. Dickinson Williams and Somertons advised Riggins.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pelican Energy Partners LP published the original content used to generate this news brief on July 20, 2026, and is solely responsible for the information contained therein.