OEG has further expanded its US presence through the acquisition of Trinity Rental Services (TRS), alongside its vertically integrated affiliates; this move has strengthened the firm’s market position, to further enhance its capabilities and increasing its fleet availability and choice to support customers in the region.
The TRS workforce of around 80 highly skilled employees are all joining OEG and will be integrated under the OEG brand in a phased approach over the next 18 months. The acquisition will also enhance OEG’s capabilities, fleet capacity and choice to customers in the Gulf of America with the ability to support operators and tier-1 customers. The acquisition of TRS represents the first material transaction undertaken by OEG following the recent completion of its acquisition by Apollo for an implied headline valuation of more than $1 billion.
“This important acquisition strengthens our footprint in the US and underscores our belief that our specialist oil and gas services will remain strong for decades to come. As the energy transition progresses, this strategic region has rapidly become a key market for us, supporting long-term growth and resilience.” – John Heiton, OEG CEO
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