RERMAG

HERC Acquires Delta Rigging & Tools' Offshore Equipment Rental Division

PARK RIDGE, N.J. — Hertz Equipment Rental Corp. has acquired Delta Rigging & Tools' offshore equipment rental division based in New Iberia, La. HERC, which has been increasing its involvement in the oil and gas exploration market — most notably with its acquisition of Williston, N.D.-based WGI Rentals in June, which increased its involvement in the Bakken Shale drilling — will now further expand its oil and gas customer base into the offshore market.

“Hertz continues to make strategic investments in the oil and gas exploration and production sector in North America,” said Mark Frissora, Hertz Global Holdings' chairman and CEO. “We believe that oil and gas is one of the strongest segments of Hertz's industrial business. The Delta Rigging & Tools acquisition allows Hertz 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.”

The New Iberia, La., location was Delta's only branch that carried compressors, light towers and welders, integral rental products for the offshore oil and gas industry. The acquisition by HERC will allow for faster growth of the New Iberia operation, fitting in well with Hertz's industrial inventory of power generation equipment, pumps, industrial air compressors, light towers, welders and general offshore tools and products.

“Delta Rigging & Tools continues to have a strong presence with full-service facilities throughout Louisiana,” said Kevin Rodgers, CEO of Delta Rigging & Tools. “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.”

Based in Pearland, Texas, near Houston, Delta Rigging & Tools, No. 78 on the RER 100, is one of the largest U.S. rigging companies, offering a complete portfolio of lifting equipment, including hoists, winches, wire rope, wire and synthetic slings, accessory parts and hardware as well as testing, inspection and field services. Delta serves domestic and international customers and provides complete lifting and rigging solutions and support for a range of markets.

Hertz Equipment Rental Corp., based in Park Ridge, N.J., is No. 4 on the RER 100, with more than 325 locations in the United States, Canada, China and Europe.

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