Hoover, First Reserve Announce Partnership
Hoover Container Solutions has entered into an agreement to partner with First Reserve, the largest global private equity firm exclusively focused on energy. Financial terms of the transaction were not disclosed. One of the global industry leaders in oilfield fluids container solutions, Hoover operates worldwide through 15 facilities in North and South America, Europe, Australia, the Middle East and Southeast Asia. The company has a rental fleet of approximately 40,000 stainless steel intermediate bulk containers (IBCs)…
Hoover Container Solutions Acquires Tote Systems LLC, Liquid Division
Hoover Container Solutions, a subsidiary of Hoover Group, Inc., has acquired the assets of Tote Systems LLC, Liquid Division, a provider of stainless steel intermediate bulk containers (IBC) in the United States. Headquartered in Fairhope, Ala., with offices in Nashville, Tenn., and Burleson, Texas, Tote Systems’ assets include a fleet of 350 and 550 gallon stainless steel IBC’s as well as various custom designed stainless steel units. As a longtime leader in the IBC industry…
