Hertz Acquires Offshore Equipment Rental Operation

Hertz Equipment Rental said it acquired Delta Rigging & Tools' offshore equipment rental division based in New Iberia, LA, expanding 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," commented 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."

For the entire story, visit Monitor Daily.