OEG, an energy solutions company, has announced the strategic expansion of its US footprint and capabilities through the acquisition of Trinity Rental Services (TRS) and its vertically integrated affiliates.

 

TRS, founded in 2013, is a provider in oil and gas offshore container rentals in the Gulf of America.

 

Headquartered in Lafayette, Louisiana, the company provides an extensive fleet of DNV and SEPCO-certified offshore baskets, cargo carrying units, paint lockers, and more.

 

TRS also provides mechanical integrity services and fabric maintenance solutions to ensure offshore assets remain compliant, reliable, and operational.

 

The acquisition will involve the integration of around 80 highly skilled employees under the OEG brand in a phased approach over the next 18 months.

 

The transaction enhances OEG's capabilities, fleet capacity, and choice to customers in the Gulf of America, expands its US footprint, and adds an experienced team of API inspectors to its offshore wind offering.

 

This acquisition aligns with OEG's ongoing development of its offshore wind offering and is the first material transaction undertaken by OEG after Apollo's acquisition for an implied headline valuation of more than $1 billion.

 

John Heiton, OEG’s CEO, said: “This important acquisition strengthens our footprint in the US and underscores our belief that our specialist oil and gas services will remain strong for decades to come. As the energy transition progresses, this strategic region has rapidly become a key market for us, supporting long-term growth and resilience@.

 

He added: “Following the recent award of a material cargo logistics equipment and services contract for a major international operator in North America, this latest development further diversifies and strengthens our regional capabilities. It adds talent, fleet capability, and assets further building our offering in a robust, long-term market where we see significant potential. We also gain strong synergies from TRS’s high-quality well-invested and maintained asset fleet. I look forward to welcoming our new US colleagues and emphasising to our regional stakeholders the benefits of our increased scale, broader expertise and expanded offering.”

 

Garett Gauthier, OEG’s Regional Director (Americas), said: “We are delighted to welcome the TRS team to OEG. Both companies share strong values and a relentless commitment to quality, service, innovation and operational excellence, making this an excellent strategic fit as we leverage the best of both businesses.

 

He added: “For our customers, this means access to the largest, youngest and most comprehensive range of CCUs, associated equipment and services in the region. We remain committed to ongoing growth and investment in this space to stay ahead of customer expectations and deliver value as needs evolve.”

 

Jonathan Foreman, Owner at TRS, said: “Our companies were built on relationships, responsiveness, and a deep commitment to customer care. We’re incredibly proud of the businesses we’ve grown, the people behind them, and the impacts we’ve made on our communities across South Louisiana. Partnering with OEG is a meaningful next chapter – one that honours where we started, while opening the door to greater, global opportunities for our companies and for our team.” -OGN / TradeArabia News Service