Rental Holdings snaps up wire rope company

Founded in 1979, Delta Wire Rope is a provider of wire ropes and slings. It specialises in the sale, rental and servicing of equipment to customers primarily in the oil, petrochemical, construction, marine, timber and transport industries.

An authorised distributor for the premier manufacturers Crosby Group, Inc., Bethlehem Wire Rope and American Wire Rope Corp., Delta also offers a wide range of services, including custom fabrication, inspection, repair and certification and testing. Its extensive line includes such products as wire rope and synthetic slings, rigging blocks, shackles, swivels, hooks and chain assemblies.

“Delta is a long-time performer with a solid management team and strong opportunities for continued growth,” said Kevin Rodgers, chief executive officer of Rental Holdings. He continued: “It is a synergistic fit for Rental Holdings. We have strengthened our offering to industries, such as oil and petrochemical, we already serve, while creating opportunities to cultivate new customers and industry segments with a broader fleet of equipment and accessories.”

He added: “Our goal at Rental Holdings is to be the one-stop resource for large industrial users looking to rent or buy rigging, hoist and other types of industrial equipment and tools - whether for construction or turn-around projects, plant maintenance or routine inspection and repairs."

As Hoist announced in June this year, the company’s Industrial Hoist Services subsidiary acquired two other Louisiana-based industrial equipment rental and service companies, namely B&H Air Tools, LLC, of Baton Rouge, and Port Rentals, Inc., of New Iberia. As a result of those acquisitions, Industrial Hoist Services claimed to offers the nation’s largest rental fleet of hoists, winches and related rigging equipment.

Like Industrial Hoist Services, Delta will operate as an independent subsidiary of Rental Holdings. Its former owner, Bill Lindsey, will remain involved in the growth of the company as a consultant. Mike Lindsey, who has been with Delta since 1997, has been named president. Delta’s sales manager, Chad Collins, and the remaining management team will continue in their respective roles overseeing daily operations. Delta’s offices will remain in Lafayette.

Furthering Rental Holdings’ growth objectives, both Delta Wire Rope and Industrial Hoist Services will continue to seek acquisitions of companies that sell, lease and/or service industrial hoist or rigging equipment and other lifting apparatus.