Hoover Container Solutions, a subsidiary of Hoover Group Inc., has acquired Dolphin Energy Equipment LLC, a provider of cargo and waste management rental equipment and related consumables in the Gulf of Mexico (GoM) region, Hoover said in a press release.
Headquartered in New Iberia, La., with a distribution and service center in Port Fourchon, La., Dolphin’s assets include a diversified fleet of cargo carrying units certified to the highest standards including DNV and API regulations. Dolphin is best known for its offshore baskets, trash compactors, food disposal units, pipe slings, and related consumables and services, according to the release.
The combined company will be a supplier of chemical, cargo and waste management tanks, baskets, containers, and related accessories and services in the global energy marketplace. The acquisition of Dolphin complements the acquisition of Consult Supply A/S, which was completed in 2012, Hoover said. Based in Stavanger, Norway, Consult Supply (soon to be Hoover Norway) provides an extensive range of products in the North Sea market including chemical tanks, cutting boxes, baskets, and specialized workshops and containers all certified to DNV 2.7-1 standards.
The combined Hoover-Dolphin team will continue to provide a diverse product range and robust customer services to its customers across the GoM region, according to the release.
Donald Young, chairman and CEO, and Paul Lewis, president and COO, of Hoover will continue in their roles in the combined entity. Chad Vidrine, president of Dolphin, will become general manager of Hoover’s new subsidiary, Hoover Offshore LLC, according to the release. Robbie Monlezun will continue in his role as regional operations manager of Hoover’s new distribution and service center in Scott, La. As part of the transaction, Cornelius Dupre II, chairman of Dolphin, will become a shareholder of Hoover Group Inc. and will join the company’s board of directors.
The corporate headquarters of the combined companies will be located in Houston, with distribution and service centers in Scott, New Iberia, and Port Fourchon, La.
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