Hoover Container Solutions Acquire Dolphin Energy Equipment

MarineLink.com
Monday, October 14, 2013

Hoover Container Solutions, a subsidiary of Hoover Group, Inc., has acquired Dolphin Energy Equipment LLC, a leading provider of cargo and waste management rental equipment and related consumables in the Gulf of Mexico region.

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 (“CCUs”) 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.

Hoover’s Chief Executive Officer, Donald Young said, “With operations in Louisiana, Houston, Norway, Australia, Brazil, Malaysia and Abu Dhabi the Hoover footprint now covers nearly all the major oil and gas regions around the world. The combined Hoover-Dolphin fleet is one of the largest in the Gulf of Mexico region and makes Hoover one of the only worldwide companies to offer a full range of cargo carrying units including chemical, cargo and waste management products to the Gulf of Mexico market. This acquisition puts us in a stronger position to leverage the upturn in the offshore industry.”

The combined company will be a premier 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. 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.

In the Gulf of Mexico, the combined Hoover-Dolphin team will continue to provide a diverse product range and robust customer services to its customers across the region. Hoover will now provide its customer base with a full range of products including tote tanks (IBCs), offshore chemical tanks, transport frames and bottle racks, ISO Tanks, standard and specialized baskets, cutting boxes and waste skips, dry goods containers, slings, trash compactors, food disposal units and various other related products and services including tank cleaning, technology and transportation.

Donald Young, Chairman and Chief Executive Officer and Paul Lewis, President and Chief Operating Officer, 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. Robbie Monlezun will continue in his role as Regional Operations Manager of Hoover’s new distribution and service center in Scott, Louisiana. As part of the transaction, Cornelius Dupre II, Chairman of Dolphin, will become a shareholder of Hoover Group, Inc. and join the Company’s board of directors.
 
The corporate headquarters of the combined companies will be located in Houston, Texas, with distribution and service centers in Scott, New Iberia and Port Fourchon, La.
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Environmental

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Years After BP U.S.Oil Spill: Compensation Battle Rages

Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

When Will Deep Sea Mining Commence? The Robot is Ready

The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea

Logistics

Among 2014's Most Powerful & Influential Women: Karen Jones

Commercial transportation and supply chain management firm Ryder System Inc. say that their Chief Marketing Officer, Karen Jones, was named one of 2014’s Most Powerful

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

Mergers & Acquisitions

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

 
 
Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1806 sec (6 req/sec)