Gulf Land Structures Acquires LQT Industries Assets
Gulf Land Structures, the region’s leading modular construction firms, has acquired the living quarters assets and repair and maintenance business of LQT Industries, Caribbean Journal Invest has learned.
The assets, acquired from Dynamic Industries, are in various locations throughout the Gulf of Mexico and the Gulf Coast.
The deal combines two industry leaders in temporary workforce housing and service.
It will “enable Gulf Land to offer its customers 0ne of the largest most modern temporary housing fleets available in the market,” according to a statement.
“We are excited to enhance our building inventory and service capabilities through the acquisition of LQT’s assets,” said Bart Davis, Managing Member of Gulf Land Structures. “In addition to servicing our traditional offshore oil & gas customers, the additional building inventory acquired from LQT allows Gulf Land to further diversify our business by providing larger workforce camps to our construction, project development, military, and disaster relief customers. Our buildings are ideally suited for project locations where severe windstorms are a concern as they are designed to withstand Cat 5 hurricane force winds.”
The move consolidates LQT’s lightweight aluminum rental buildings alongside Gulf Land Structures’ existing fiberglass rental building inventory.
“We have continually sought consolidation in the fragmented temporary living quarter (TLQ) rental market, and in fact LQT’s TLQ rental fleet is a combination of 3 early participants in the industry,” said Emile Dumesnil, President & CEO of Dynamic Industries. “The combination with Gulf Land represents a step change in the TLQ rental market bringing together two sizeable fleets and making Gulf Land one of the largest operators of TLQ rental fleets along the Gulf Coast, more capable than ever of becoming the one-stop shop for TLQ’s to the offshore oil & gas market, the onshore industrial market, and importantly, the disaster response market. Gulf Land’s large resource base will give them the unmatched status of being the ‘ready-reserve’ fleet to the disaster response market.”
For more, visit Gulf Land Structures.
— CJI
