M&A Deal Summary

Tiger Rentals Group Acquires Production Management Industries

On January 2, 2018, Tiger Rentals Group acquired environmental company Production Management Industries from Superior Energy Services

Acquisition Highlights
  • This is Tiger Rentals Group’s 1st transaction in the Environmental sector.
  • This is Tiger Rentals Group’s 1st transaction in the United States.
  • This is Tiger Rentals Group’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2018-01-02
Target Production Management Industries
Sector Environmental
Buyer(s) Tiger Rentals Group
Sellers(s) Superior Energy Services
Deal Type Divestiture

Target

Production Management Industries

Morgan City, Louisiana, United States
Production Management Industries LLC is a provider of cleaning and environmental services to oilfield companies in the Gulf of Mexico and Texas. Production Management Industries is based in Morgan City, Louisiana.

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Buyer(S) 1

Buyer

Tiger Rentals Group

Beaumont, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

Tiger Rentals Group LLC is a provider of offshore oilfield equipment rental services (Tiger Offshore Rentals), onshore equipment rental services to the E&P, midstream, petrochemical, and industrial sectors (Tiger Industrial), energy-related safety equipment rental and services (Tiger Safety), and cleaning and environmental services (Tiger PMI).

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Superior Energy Services

Houston, Texas, United States
Category Company
Founded 1991
Sector Energy Services and Equipment
Employees5,200
Revenue 1.4B USD (2019)
DESCRIPTION

Superior Energy Services is a provider of specialized oilfield services and equipment focusing on serving the production-related needs of oil and gas companies operating in the Gulf of Mexico. Superior provides a wide range of 'post-wellhead' products and services necessary to produce and maintain offshore production, including coiled tubing, hydraulic workover, well control, mechanical wireline, electric wireline, plug and abandonment services and a wide range of rental tools used in drilling and workover operations. Superior Energy Services was founded in 1991 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Environmental) 1 of 1
Type (Divestiture) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Superior Energy Services - 18 liftboats

United States

Superior's liftboats support a broad range of well intervention, maintenance, decommissioning and construction services for offshore crude oil and natural gas production. All of the liftboats are currently located in the U.S. Gulf of Mexico.

Sell $143M
Mergr

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