Delta Rigging & Tools, Inc. (DR&T), Pearland, Texas, has acquired Grizzly Wire Rope & Chain, Williston, N.D. The acquisition gives DR&T a well-established location in the center of the Bakken Oil Shale region, providing strategic growth opportunities to better serve the rapidly expanding oil and gas development activities across a multi-state area.
“We had been looking for a way to expand into the Bakken Shale area for some time,” said Kevin Rodgers, CEO. “After a careful review, it became clear that taking a well-established and growing operation like Grizzly and making it a part of Delta Rigging & Tools was the best strategic move for us, and the best way to serve our existing and new customers working in the Bakken.”
The management team at Grizzly has done a great job building their business with a customer focus that is right in line with DR&T’s of consistently delivering safety, service, quality, and value, continued Bakken. “So the company fits very well into our strategic vision, our view of customer service, and our focus on growth. We believe Grizzly’s existing customer base will continue to benefit from market-leading products, service and support with Grizzly now a key part of Delta’s operations.”
Grizzly Wire Rope & Chain first opened in 2007 to serve the Williston Basin area. The company provides wire rope, chain, hardware, cordage, web slings, and associated services to customers working primarily in the oil and gas industry, but also in transportation, agriculture, and other areas. Over the next few months, Grizzly will officially begin trading as Delta Rigging & Tools, according to a DR&T statement. All of Grizzly’s employees are expected to join Delta Rigging & Tools, and operations will be part of DR&T’s Rocky Mountain Region, headquartered in Grand Junction, Colo.
“We are very pleased that a company with Delta Rigging & Tools’ national stature and reputation for quality and value is acquiring Grizzly Wire Rope & Chain,” said Stewart Vachal, Grizzly’s primary shareholder along with Rory Anderson and Dean Klein. “We were recently recognized here in Williston for our entrepreneurial growth over the past several years, and we believe that the Grizzly rigging and lifting business can continue that growth and do an even better job serving this market as a part of Delta Rigging & Tools. Delta brings with it tremendous purchasing power, exclusive distribution rights to some the best brands in our industry, and a reputation for outstanding customer service. As proud as we are of Grizzly and how much they have achieved, we’re even more excited about the company’s future as a part of Delta Rigging & Tools,” added Vachal.
Over the past several years, DR&T has successfully executed a strategy of acquiring and integrating the high-performing regional market leaders to create a scalable, industry-leading platform across the United States. The company noted it is well positioned to pursue further growth initiatives through strategic acquisitions, geographic expansion, existing and new customer relationships, and additional product and service offerings both in the US and abroad.
Source: http://www.vertikal.net/en/news/story/12587/
