Danos announced Wednesday it has reached a tentative agreement to acquire the assets and business of fellow Louisiana-based oilfield service company Shamrock Energy Solutions.
Danos said it expects the deal to be effective in March 2019, and added the closing is subject to certain remaining contingencies.
Danos owner and executive, Eric Danos, said, “This strategic investment allows Danos to better meet our customers’ needs through expansion of craftsmen, geographies served and service lines offered.”
The company said the acquisition will expand its 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 said it will also retain Shamrock’s team of more than 1,000 employees, increasing the number of Danos employees by nearly 50 percent, from 2,200 to 3,200.