Superior Energy Services Acquires Duffy & McGovern
January 31, 2007
Duffy & McGovern Accommodation Services has been acquired by US oilfield services firm Superior Energy Services Inc.
The $47m deal sees Superior Energy Services continue its international expansion and complement its existing accommodation subsidiary HB Rentals, which is headquartered in Broussard, La. and provides accommodation and accessories to oil and gas companies in Oklahoma, Texas, the Rocky Mountains, Gulf of Mexico and Trinidad.
As a result of the deal, Duffy & McGovern, which is headquartered in Aberdeen, Scotland and whose staff and management team will all remain in position, will be investing some US$15 million (UK£7.6 million) with immediate effect to accelerate its fleet growth. The company will be building 100 new offshore accommodation modules over the next six months and is stepping up its presence in the Southeast Asia market in particular.
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