GRAY, La. – Danos is pleased to announce that it 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.”
- Pictured left to right: Danos Owner and Executive Eric Danos, Shamrock Owner and President Jeff Trahan, Danos Owner and Executive Paul Danos
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.”
About Danos – Founded in 1947, Danos is a family-owned and managed oilfield service provider. A trusted industry partner, Danos offers the most responsive end-to-end integrated service solutions – safe, on time and on budget. Danos achieves world-class safety results and customer loyalty due to a values-based approach and an unyielding commitment to employee engagement and training. Learn more at Danos.com.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.
Subscribe to OILMAN Today, our industry newsletter covering oil and gas business news, events, information and trends shaping the market, delivered to your inbox.