Divestiture • Staffing

Gulf Island Acquires Dynamic Staffing Services

On December 1, 2021, Gulf Island acquired staffing company Dynamic Staffing Services from Dynamic Industries for 8M USD

Acquisition Context
  • This is Gulf Island’s 1st transaction in the Staffing sector.
  • This is Gulf Island’s largest (disclosed) transaction.
  • This is Gulf Island’s 1st transaction in United Arab Emirates.

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M&A Deal Summary

Date December 1, 2021
Target Dynamic Staffing Services
Sector Staffing
Buyer(s) Gulf Island
Sellers(s) Dynamic Industries
Deal Type Divestiture
Deal Value 8M USD

Target Company

Dynamic Staffing Services

Dubai, United Arab Emirates
Dynamic Staffing Services is a provider of staffing solutions for Engineering / Oil & Gas, Hospitality, Healthcare, Retail, Information Technology, Manufacturing, Facility Management, F&B / Catering. Dynamic Staffing Services was founded in 1977 and is based in Dubai, United Arab Emirates.
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Buyer Overview 1

Buyer

Gulf Island

Houma, Texas, United States

Category Company
Founded 1985
Sector Energy Services and Equipment
Revenue 159M USD (2024)
DESCRIPTION

Gulf Island designs, fabricates, and services complex steel structures and marine vessels for the offshore energy, industrial, and marine markets. The Company’s operations include fabrication, maintenance, and marine services for domestic and international customers. Gulf Island was founded in 1985 and is headquartered in Houma, Louisiana.


Deal Context for Buyer #
Overall 2 of 2
Sector: Staffing 1 of 1
Type: Divestiture 1 of 1
Country: United Arab Emirates 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-02 Gulf Marine Fabricators

Aransas Pass, Texas, United States

Gulf Marine Fabricators LP is a provider of offshore drilling equipment.

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Seller Profile 1

SELLER

Dynamic Industries

Lafayette, Louisiana, United States

Category Company
Founded 1985
Sector Energy Services and Equipment
DESCRIPTION

Dynamic Industries is a diversified oil services company providing fabrication services, rental equipment and other support services to the global energy industry. Dynamic Industries was founded in 1985 and is based in Lafayette, Louisiana.


Deal Context for Seller #
Overall 1 of 1
Sector: Staffing 1 of 1
Type: Divestiture 1 of 1
Country: United Arab Emirates 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 1