13.06.2013

Delta Rigging acquires Morgan City

Delta Rigging & Tools, has acquired Louisiana based Morgan City Rentals which provides equipment and rigging to the oil & gas industry in the Gulf of Mexico.

The three location company was established in 1970 to offer a wide range of products from diesel welders, pumps and compressors to hoists, wire rope, rigging hardware and supplies, sling fabrication and compliance load testing equipment.

Delta Rigging was founded in 2004 and has grown through a combination of acquisitions and organic expansion through new depot openings. Chief executive Mitch Hausman said: “One of our key strategic initiatives has been increasing our Louisiana rental and rigging business, and to go deeper into the offshore oil and gas drilling and production markets. We were very familiar with the outstanding reputation of Morgan City Rentals. Once we began discussions, it was clear that combining with a growing operation like Morgan City Rentals was the best strategic move for both companies, and the best way to serve our existing and new customers with expanded rigging and rental services.”
Please register to see all images

Mitch Hausman

Morgan City chief executive and owner Joe Sanford will remain with Delta after the sale and said: “I am very pleased to have found a partner like Delta Rigging & Tools that provides such a compelling fit for our employees and customers. We are excited to join forces with the talented management team of Delta Rigging & Tools. Both Morgan City Rentals and Delta Rigging & Tools are well-known companies managed by executives with decades of experience in the rental equipment and rigging business. We now have the nation’s most extensive fleet of pipe slings, hoists, winches, compressors, pumps and related rigging equipment.”