PARK RIDGE, NJ--(Marketwire - Jun 27, 2011) - Hertz Global Holdings, Inc. (NYSE : HTZ) announced that Hertz Equipment Rental Corporation (HERC) has acquired WGI Rentals, headquartered in Williston, ND.
"We're excited to be expanding our Equipment Rental business into the North Dakota marketplace," commented Hertz President, Mark P. Frissora. "With its experience in providing equipment to the emerging Petro-Chemical market in North Dakota, WGI enables Hertz to bring its industrial service expertise into a new region while enabling Hertz to tap into the growth of North Dakota's Oil and Gas industry."
By acquiring WGI Rentals Hertz continues its strategy of expanding into the Oil and Gas marketplace in North America. Hertz Equipment Rental specializes in supporting the Industrial markets with 24/7 service that includes rental of trucks, material handling and aerial equipment, as well as power and industrial pumping products. The Bakken Shale Oil formation in North Dakota is a key market supporting the demands for US energy. This acquisition allows Hertz to further penetrate the exploratory drilling activity in and around the Bakken Shale which is a significant market for conventional and unconventional drilling activities.
Source: Marketwire
No comments:
Post a Comment