Lafayette’s Gulf Land Structures has acquired all the living quarters assets as well as the Repair & Maintenance business of LQT Industries from Dynamic Industries. The acquired assets are in various locations throughout the Gulf of Mexico and Gulf Coast region.
The transaction combines two industry leaders in the temporary workforce housing and service market, which will enable Gulf Land to offer its customers one of the largest most modern temporary housing fleets available in the market.
This combination consolidates LQT’s lightweight aluminum rental buildings alongside GLS’s existing fiberglass rental building inventory. This combined rental inventory will enhance the solutions Gulf Land is able to offer its broad client base including from oil and gas operators, EPC contractors, project developers, the U.S. Department of Defense, FEMA and other companies that specialize in disaster recovery.
GLS Managing Member Bart Davis says the acquisition will allow the company to provide larger workforce camps to its construction, project development, military and disaster relief customers, noting its buildings are designed to withstand Category 5 hurricane force winds.
Dynamic Industries President and CEO Emile Dumesnil said the company has “continually sought consolidation in the fragmented temporary living quarter rental market.” He says the acquisition will make 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 and gas market, the onshore industrial market, and importantly, the disaster response market.”
LQQT Industries is headquartered in Abbeville, Louisiana.