03.11.2011

Hertz acquires Delta Rigging’s rental operation

Hertz equipment rental has acquired Delta Rigging & Tools' offshore equipment rental division based in New Iberia, Louisiana.

Hertz says that that the acquisition continues its strategy of expanding into the Oil and Gas drilling markets in North America.

Houston based Delta is one of the largest rigging companies in the USA offering hoists, winches, wire rope, wire and synthetic slings, accessory parts, and hardware as well as testing, inspection and field services. The New Iberia location was the company’s only rental operation and offers compressors, light towers and welders.

Hertz chief executive Mark P. Frissora said: "Hertz continues to make strategic investments in the oil and gas exploration and production sector in North America. We believe that Oil and Gas is one of the strongest segments in our industrial business. The Delta Rigging & Tools acquisition allows us to further penetrate the exploratory drilling activity in the offshore market and leverage our existing industrial Oil and Gas customer base by providing new products and services in this market segment."

Kevin Rodgers, chief executive of Delta added: "Delta Rigging & Tools continues to have a strong presence with full service facilities throughout Louisiana. The sale of our New Iberia rental assets will allow us to continue to make capital improvements to existing facilities in Louisiana, as well as to expand our presence in new markets,"