Page 53: of Maritime Reporter Magazine (September 2013)

GOM projects are taking longer to come together.? The Morgan City Rentals ac- quisition is a key plank in the company?s plan to tap this growing market, and as a testament to the strength of the Morgan City Rentals brand and the leadership team, Hausman said it will be positioned as ?Morgan City Rentals - A Delta Rig- ging & Tools Company? and left to oper- ate as its own brand. ? This is signi Þ cant in that ever since 2002, Delta Rigging & Tools has integrated all acquisitions into the Delta Rigging & Tools? brand.? Established in 1970, Morgan City Rentals is headquartered in Morgan City, La., with additional locations in Golden Meadow and Broussard, La. It provides a wide range of offshore rental equipment, wire rope, rigging hardware & supplies, sling fabrication, and com-pliance load testing to the offshore oil and gas industry. Combined with Delta Rigging & Tools? existing operations in Broussard and Houma, the acquisi-tion of Morgan City Rentals establishes Delta Rigging & Tools as the leading offshore rental and rigging company in the Louisiana gulf coast market, accord-ing to Hausman. ?We?re always looking for acquisition opportunities,? Hausman said. ?The Morgan City Rentals deal was unique in that they had both com-ponents of rental and rigging, and Delta Rigging & Tools was already built up on those two platforms; this combined with the fact that 100% of their rental market was offshore and our traditional legacy rental market was onshore it was just a perfect Þ t.? While the offshore en- ergy market is an obvious focus of many maritime entities, the land-based energy production, speciÞ cally the revolution of shale gas and the accompanying oil Þ nds, is proving to be a fast-growing and lucrative market for many, from the companies that carry the products from Þ eld to market, examples include the in- land boat and barge builders, and heavy lift companies such as Delta Rigging & Tools. ?This is absolutely impacting our business in a positive way, as we have facilities as far north as Williston, North Dakota, with 18 locations overall.? ?My career has been interesting be-cause I started in a privately owned business that grew to a signiÞ cant size and sold to a publicly traded company in 2002. Then In 2010 we sold again to another publicly traded company. That?s when I retired. This phase of my career is probably the most interesting of all, as it is a very aggressive and fast-paced growth strategy.? www.marinelink.com 53?One of our key strategic initia-tives has been increasing our rental and rigging business, and to go deeper into the off- shore oil and gas drilling and production markets.? Mitch HausmanMR #9 (50-57).indd 53MR #9 (50-57).indd 539/3/2013 12:26:53 PM9/3/2013 12:26:53 PM