Hoover Container Solutions Acquires Dolphin Energy Equipment

Hoover Container Solutions (“Hoover” or the “Company”), a subsidiary of Hoover Group, Inc., has acquired Dolphin Energy Equipment LLC (“Dolphin”), a leading provider of cargo and waste management rental equipment and related consumables in the Gulf of Mexico region.

Headquartered in New Iberia, La., with a distribution and service center in Port Fourchon, La., Dolphin’s assets include a diversified fleet of cargo carrying units (“CCUs”) certified to the highest standards including DNV and API regulations. Dolphin is best known for its offshore baskets, trash compactors, food disposal units, pipe slings and related consumables and services.

The combined company will be a premier supplier of chemical, cargo and waste management tanks, baskets, containers and related accessories and services in the global energy marketplace. The acquisition of Dolphin complements the acquisition of Consult Supply A/S which was completed in 2012. Based in Stavanger, Norway, Consult Supply (soon to be Hoover Norway) provides an extensive range of products in the North Sea market including chemical tanks, cutting boxes, baskets and specialized workshops and containers all certified to DNV 2.7-1 standards.

As leaders in the Gulf of Mexico, the combined Hoover-Dolphin team will continue to provide a diverse product range and robust customer services to its customers across the region. Hoover will now provide its customer base with a full range of products including tote tanks (IBCs), offshore chemical tanks, transport frames and bottle racks, ISO Tanks, standard and specialized baskets, cutting boxes and waste skips, dry goods containers, slings, trash compactors, food disposal units and various other related products and services including tank cleaning, technology and transportation.

Hoover’s Chief Executive Officer, Donald Young said, “With operations in Louisiana, Houston, Norway, Australia, Brazil, Malaysia and Abu Dhabi the Hoover footprint now covers nearly all the major oil and gas regions around the world. The combined Hoover-Dolphin fleet is one of the largest in the Gulf of Mexico region and makes Hoover one of the only worldwide companies to offer a full range of cargo carrying units including chemical, cargo and waste management products to the Gulf of Mexico market. This acquisition puts us in a stronger position to leverage the upturn in the offshore industry.”

“The combination of Hoover and Dolphin will allow us to provide a more complete product and service offering to our customers.” said Chad Vidrine, President of Dolphin Energy Equipment. “We are excited to work with the Hoover team because both teams share a similar commitment to high quality products and superior customer service.”

Management Team
Donald Young, Chairman and Chief Executive Officer and Paul Lewis, President and Chief Operating Officer, of Hoover will continue in their roles in the combined entity. Chad Vidrine, President of Dolphin, will become General Manager of Hoover’s new subsidiary, Hoover Offshore, LLC. Robbie Monlezun will continue in his role as Regional Operations Manager of Hoover’s new distribution and service center in Scott, Louisiana. As part of the transaction, Cornelius Dupre II, Chairman of Dolphin, will become a shareholder of Hoover Group, Inc. and join the Company’s board of directors.

The corporate headquarters of the combined companies will be located in Houston, Texas, with distribution and service centers in Scott, New Iberia and Port Fourchon, La.

About Hoover Container Solutions
Hoover Container Solutions is a leading global provider of chemical tanks and cargo carrying units and related products and services. The company’s products are manufactured to meet the highest quality standards (DNV, BV, UN, EN, IMO, API and others) in the industry and can be fully customized according to client specifications. Hoover is headquartered in Houston, Texas, and has distribution and service centers in Scott, Louisiana; Stavanger, Norway; Melbourne and Perth, Australia; Abu Dhabi, UAE; Kuala Lumpur, Malaysia; and Macae, Brazil.

About Dolphin Energy Equipment
Founded in 1992, Dolphin is a leading rental services company to the offshore oil & gas industry. Headquartered in New Iberia, La., Dolphin is a principal provider of cargo and waste management rental equipment and related consumables.