DANOS TO ACQUIRE SHAMROCK ENERGY SOLUTIONS
Danos has reached a tentative agreement to acquire the assets and business of Shamrock Energy Solutions, a privately held 22-year-old oilfield service company, based out of Houma, Louisiana. The deal is expected to be effective in March, 2019, and will increase the number of Danos employees by nearly 50 percent, from 2,200 to 3,200. The closing is subject to certain remaining contingencies.
“There are a lot of synergies between the companies,” said Danos Owner and Executive Eric Danos. “Both are privately owned, Louisiana-based and have a similar customer-centric, values-based approach to business.”
The acquisition will expand Danos’ portfolio service offerings – production workforce, construction, fabrication, coatings, scaffolding, automation, project management, materials management, shorebase and logistics, and specialized consultants – adding mechanical maintenance, valve and wellhead, regulatory compliance and measurement, and power generation.
Danos added, “This strategic investment allows Danos to better meet our customers’ needs through expansion of craftsmen, geographies served and service lines offered.”
Danos will retain Shamrock’s team of over 1,000 employees, making it one of the largest service providers in the marketplace.
“Danos exemplifies many of the same family-oriented values we’ve established at Shamrock,” said Shamrock Owner and President Jeff Trahan. “I’m excited to see how the integration of Shamrock’s business into Danos builds upon the foundation of excellence we’ve established when I purchased the business in 2008.” (Soure: Danos)