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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade

Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo,

Environmental

Pacific Nations Take a Stand on Shipping Emissions

On Earth Day, Pacific leaders queued among 175 countries to sign the Paris Agreement in New York. Earlier that day in London, the International Maritime Organization (IMO),

ICS Criticises 'Prestige’ Judgement by Spanish Court

At a meeting of the International Oil Pollution Compensation Funds (IOPCF) this week, the International Chamber of Shipping (ICS) has strongly criticised the judgement

ECSA Looks Forward to Improvement of Shipping Conditions in Arctic

European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters.

Logistics

MARAD: $5 Mln Available for Marine Highway Projects

The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding

New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.

Drug Interception at Red Hook Container Terminal

Approximately 121 pounds of heroin and eight pounds of cocaine were discovered in a shipping container of vegetables that was moving from Ecuador to Miami, Fla.

Mergers & Acquisitions

EU Clears CMA CGM, NOL Merger, with Conditions

The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance.

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion 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: 0.1061 sec (9 req/sec)