Delta Rigging & Tools, one of the largest providers of lifting and rigging products and related services in the United States, has acquired Holloway Wire Rope, supplier of wire rope, below-the-hook lifting devices and rigging supplies. Holloway is based in Tulsa, Okla., and also has a branch in Wichita, Kan. The acquisition of Holloway Wire Rope enables Delta to expand its footprint into the Oklahoma oil and gas fields, along with broadening its reach into Midwest markets.
Holloway, celebrating 72 years in the industry, is one of the earliest established wire rope and rigging companies in the U.S. Holloway is an internationally recognized supplier specializing in wire rope slings, rigging, fall protection, nylon slings, wire rope, chain, chain slings, rope, hoists, shackles, turnbuckles, eye bolts, suspended personnel platforms and more.
“We had been looking for a way to expand our footprint deeper into the Oklahoma oil fields and Midwest markets for some time,” said Mitch Hausman, president and CEO of Delta Rigging & Tools. “After a careful review of the Holloway Wire Rope operations, it became clear that taking a well-established business with great customer and vendor relationships was a strong strategic move for us, and the best way to serve our existing and new customers working in the Midwest.”
Holloway owner Curt Tuggle will join Delta’s management team and continue as general manager of the Tulsa and Wichita operations. “We believe that joining Delta Rigging & Tools will help us continue to grow by bringing us access to tremendous purchasing power and distribution of some of the best brands in our industry.”
Delta Rigging & Tools, recently acquired Morgan City Rentals, a Morgan City, La.-based provider of offshore equipment rental and rigging supplies in the Gulf of Mexico. Hausman added that the company will continue to look for expansion opportunities.
“Delta Rigging & Tools will continue to seek additional acquisition opportunities of companies offering sales and rental of rigging, lifting and specialty products serving energy and industrial customers around the country,” Hausman said.
Delta Rigging & Tools, founded in Dec. 2004, is one of the largest U.S. providers for both sales and rental of rigging and lifting products, tools and services. Based in Pearland, Texas, it has 15 sales and service centers. The company is No. 77 on the RER 100.