Hertz Expands Offshore Oil & Gas Rental Biz

Posted on October 28, 2011

Hertz Equipment Rental Corp. has acquired Delta Rigging & Tools' offshore equipment rental division in New Iberia, La., Hertz said the move would 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 P. Frissora, Hertz chairman and chief executive officer. "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, Louisiana location was Delta's only equipment rental operation carrying compressors, light towers and welders. Headquartered in Houston, Tex., Delta Rigging & Tools, Inc. is one of the largest U.S. rigging companies offering a portfolio of lifting solutions, including hoists, winches, wire rope, wire and synthetic slings, accessory parts, and hardware as well as testing, inspection and field services.