Gulf Land Structures LLC on Aug. 18 acquired all of LQT Industries LLC’s assets and services, which the Lafayette, La.-based company said expands its service capabilities beyond its traditional offshore oil and gas clientele.

“In addition to servicing our traditional offshore oil and gas customers, the additional building inventory acquired from LQT allows Gulf Land to further diversify our business by providing larger workforce camps to our construction, project development, military, and disaster relief customers,” commented Bart Davis, managing member of Gulf Land Structures, in a release from the company.

“Our buildings are ideally suited for project locations where severe windstorms are a concern as they are designed to withstand Cat 5 hurricane-force winds,” Davis noted.

The acquired assets, comprised of all the living quarters assets and repair and maintenance business of LQT Industries, are located throughout the Gulf of Mexico and U.S. Gulf Coast region. Gulf Land Structures acquired the assets from Dynamic Industries for an undisclosed amount.

“We have continually sought consolidation in the fragmented temporary living quarter (TLQ) rental market, and in fact LQT’s TLQ rental fleet is a combination of three early participants in the industry,” Emile Dumesnil, president and CEO of Dynamic Industries, added in the release.

“The combination with Gulf Land represents a step change,” Dumesnil continued, “in the TLQ rental market bringing together two sizeable fleets and making Gulf Land one of the largest operators of TLQ rental fleets along the Gulf Coast, more capable than ever of becoming the one-stop-shop for TLQ’s to the offshore oil and gas market, the onshore industrial market, and importantly, the disaster response market.”

The combined rental inventory with LQT Industries will enhance the solutions Gulf Land is able to offer its broad client base including from oil and gas operators, EPC contractors, project developers, the U.S. Department of Defense, FEMA and other companies that specialize in disaster recovery. In particular, Dumesnil said Gulf Land’s large resource base will give them the “unmatched status of being the ‘ready-reserve’ fleet to the disaster response market.”

“Going forward,” he said, “LQT will continue to operate in the equipment rental business servicing the offshore and onshore construction industries and in the new construction of modular living quarters for sale to companies like Gulf Land and other end-users of living quarters.”

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