Headquartered in Torrance, California, Pelican Products is a global manufacturer of highly engineered protective cases and lighting products for a wide variety of consumer, commercial, industrial, bio-pharmaceutical, and government end markets. Extremely well established in the media production, live event and touring industries, Pelican is a familiar name to audio professionals.
Over its 45-year history, the Company has established its market leadership with a comprehensive portfolio of high-value, mission-critical solutions for every kind of use, as well as a deep commitment to providing customers around the world with quality products and services. Its Peli BioThermal division offers the widest range of temperature-controlled, thermally-protected packaging and service solutions to the global life sciences industry.
“Pelican has been an exceptional investment for Behrman, and we are very proud of our role in driving the Company’s industry leadership and value creation story. Under our 17 years of ownership, Pelican has completed numerous strategic acquisitions, pioneered innovative new products including temperature-controlled packaging solutions, and expanded its footprint globally. We commend Phil and the team for their excellent work leading Pelican’s expansion efforts and have every confidence the Company is poised for continued success,” says Grant G. Behrman, Managing Partner of Behrman Capital.
Phil Gyori, President and CEO of Pelican Products, adds: “We are very grateful to Behrman Capital for their support and partnership since their initial investment in 2004. The Behrman team’s expertise and resources have been invaluable as Pelican has pursued our strategy to be the global leading protection solutions company. We believe Pelican today is well positioned to drive profitable growth for the benefit of our team and customers around the world, and we look forward to embarking on this next chapter of growth under Platinum’s ownership.”
Founded in 1995, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies around the world. Platinum Equity specializes in mergers, acquisitions and operations, acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.
“For more than 45 years Pelican has built a powerful brand with a well-earned reputation among its demanding and loyal customers for making some of the most indestructible products in the world,” says Platinum Equity Partner Jacob Kotzubei. “We are committed to building on the company’s rich heritage and investing in continued innovation.”
Pelican maintains 12 manufacturing sites, 17 service centers and network stations, and 23 international sales offices across 25 countries. Pelican CEO Phil Gyori (pictured above) will continue to lead the company following the transaction. Gyori has served as Group President of Pelican since joining in 2016, and succeeded Lyndon Faulkner, who became Executive Chairman in in August 2020.
Just prior to the acquisition by Platinum Equity, Pelican hired Shree Khare as Chief Information Officer, with a mission to establish short and long-term strategies related to Pelican’s information management, cyber-security and processing systems.
www.pelican.com
