ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 16.Jul.2025, Words: 375) — OEG announced the strategic expansion of its US footprint and capabilities through the acquisition of Trinity Rental Services (TRS), and its vertically integrated affiliates. The acquisition strengthens OEG’s market position, further enhancing its capabilities and increasing its fleet availability and choice to support customers in the region.
The TRS workforce of around 80 highly skilled employees are all joining OEG and will be integrated under the OEG brand in a phased approach over the next 18 months, according to OEG.
The TRS acquisition represents the first material transaction undertaken by OEG following the recent completion of its acquisition by Apollo for an implied headline valuation of over $1bn, OEG announced on 16 Jul. 2025 in an official statement.
Transaction highlights
— acquisition more than doubles OEG’s regional sales with TRS achieving FY24 revenue of $53mn;
— enhances OEG’s capabilities, fleet capacity and choice to customers in the Gulf of America with the ability to support operators and tier-1 customers;
— expands US footprint through doubling of regional fleet;
— enhances regional capabilities with the addition of ~80 highly experienced personnel and a well maintained, young fleet of ~5,600 cargo carrying units (CCUs);
— takes OEG’s total number of CCUs worldwide to over 80,000;
— provides a new service not currently offered by OEG through the addition of an experienced team of API inspectors, providing specialist integrity and inspection services that will also complement and enhance OEG’s offshore wind offering;
— supports OEG’s long term commitment to develop the leading offering in CCUs in each of its global regions and to continue to scale in core markets offering strong growth potential;
— aligns with the ongoing development of OEG’s offshore wind offering where the company continues to review new acquisition opportunities.
Founded in 2013, TRS has grown through acquisition and investment to become a leading provider in oil and gas offshore container rentals in the Gulf of America. Headquartered in Lafayette, Louisiana, the company provides an extensive fleet of DNV and SEPCO-certified offshore baskets, cargo carrying units, paint lockers, and more. Beyond rentals, TRS also provides mechanical integrity services and fabric maintenance solutions to ensure offshore assets remain compliant, reliable, and operational.
____________________
By Chad Archey reporting from Atlanta. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
