Tiger Rentals Completes Acquisition of Production Management Industries (PMI), a Leading Provider of Cleaning and Environmental Services to Oilfield Companies in the Gulf of Mexico and Texas

Tiger Rentals Group, LLC, a leading global oilfield and industrial equipment rental and services company, has completed the acquisition of the equity of Production Management Industries (“PMI”) from Superior Energy Services. Terms of the transaction were not disclosed. The acquisition will expand Tiger’s value-added service offerings to its existing offshore and onshore oilfield customers.

For over 20 years, PMI has been a leading provider of cleaning and environmental services to oilfield companies in the Gulf of Mexico and Texas. PMI maintains the highest safety and environmental standards in the industry. Services provided include:

• Production Maintenance Cleaning Services: Comprehensive range tank and vessel cleaning services for tanks and vessels used in offshore production.
• Drilling Cleaning Services: Automated cleaning services for mud tanks, rigs, and dry bulk tanks used in drilling and completions.
• Environmental Services: Remediation and site restoration activities for oilfield sites.

“Tiger Rentals is pleased to add PMI’s exceptional cleaning and environmental services to our portfolio of customer offerings,” said Colby Crenshaw, President of Tiger Rentals. “Now our customers can not only rent equipment from Tiger Rentals, but they can rely on us for a broader selection of value-added products and services globally.”

PMI features the Mud Hog automated cleaning system for boats, rigs, and portable tanks in support of its customers’ offshore drilling activities. The Mud Hog system is one of the most efficient automated cleaning systems in the Gulf of Mexico and is utilized by many major oil companies. PMI will soon introduce the Mud Hog Generation 3 modular system that can be efficiently mobilized anywhere in the world. Crenshaw added, “We are particularly excited about bringing PMI’s proprietary automated cleaning technology to Tiger’s international customers.”

“The PMI team is pleased to be joining Tiger Rentals’ world class equipment rental and service organization. PMI’s cleaning and environmental services are an ideal fit with Tiger’s existing customer base and geographic footprint,” said Don Mehrtens, General Manager of PMI. “Our customers should expect no changes in the services they are receiving currently.”