Danos has reached a tentative agreement to acquire the assets and business of Shamrock Energy Solutions, a privately held 22-year-old oilfield service company based out of Houma.
The deal will take effect in March, increasing the number of Danos employees by nearly 50%, from 2,200 to 3,200. The closing is subject to certain remaining contingencies.
Danos, based in Gray, is the largest private employer in Terrebonne Parish. According to DailyComet.com, the acquisition will make it the parish’s biggest employer of any kind, surpassing the Terrebonne public school system, which employs about 2,300 people.
“There are a lot of synergies between the companies,” Danos owner and executive Eric Danos says. “Both are privately owned, Louisiana-based and have a similar customer-centric, values-based approach to business.”
The acquisition will add mechanical maintenance, valve and wellhead, regulatory compliance and measurement, and power generation to Danos’ portfolio of service offerings. The company currently specializes in production workforce, construction, fabrication, coatings, scaffolding, automation, project management, materials management, shorebase and logistics, and specialized consultants.
Danos will retain Shamrock’s team of more than 1,000 employees, making it one of the largest service providers in the marketplace.
“Danos exemplifies many of the same family-oriented values we’ve established at Shamrock,” says Shamrock owner and president Jeff Trahan. “I’m excited to see how the integration of Shamrock’s business into Danos builds upon the foundation of excellence we’ve established when I purchased the business in 2008.”
It’s the second major announcement from Danos this year, DailyComet.com reports. In January, the company said it had secured two contracts in the Gulf that prompted it to hire 150 new workers.