Allis-Chalmers Energy Inc. has announced its recent acquisition of Rebel Rentals, Inc., based in Lafayette, Louisiana, for a total consideration of approximately $6.75 million.
This acquisition is expected to strengthen Allis-Chalmers’ Tubular Services segment throughout South Louisiana and the Gulf Coast regions.Rebel owns an extensive inventory of equipment and primarily provides tubing installation services.
Allis-Chalmers Tubular will immediately redeploy assets and consolidate field locations with the objective of increasing its overall equipment utilization and improving financial returns for its Tubular Services segment. The acquisition of Rebel is consistent with Allis-Chalmers’ strategy of selectively pursuing strategic and complementary acquisitions that strengthen existing product offerings while expanding geographically.
Allis-Chalmers Energy Inc. is a Houston based multi-faceted oilfield services company that provides services and equipment to oil and natural gas exploration and production companies.