Allis-Chalmers Acquires Rebel Rentals

Wednesday, October 31, 2007
Houston-based Allis-Chalmers Energy Inc. reported it has acquired Lafayette, La.-based Rebel Rentals Inc. for $6.75m. Officials contend the acquisition will strengthen Allis Chalmers’ Tubular Services segment throughout south Louisiana and the Gulf Coast region. Rebel owns an extensive inventory of equipment and provides tubing installation services. “We expect this acquisition to enhance our Tubular Services segment’s overall market position and improve our capabilities in remedial well workover and completion activities,” said Micki Hidayatallah, Allis-Chalmers’ chairman and CEO. “Furthermore, this acquisition allows us to provide additional equipment to support our casing and tubing handling work in the Gulf of Mexico.”

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