Delta Rigging & Tools Inc. has completed the acquisition of Holloway Wire Rope, supplier of wire rope, below-the-hook lifting devices and rigging supplies headquartered in Tulsa, Okla., with a second location in Wichita, Kan. The acquisition of Holloway Wire Rope expands Delta Rigging & Tools footprint into the Oklahoma oil & gas fields, along with broadening its reach into the Midwest markets.
“We had been looking for a way to expand our footprint deeper into the Oklahoma oil fields and Midwest markets for some time,” said Mitch Hausman, president and CEO of Delta Rigging & Tools. “After a careful review of the Holloway Wire Rope operations, it became clear that taking a well- established business with great customer and vendor relationships was a strong strategic move for us, and the best way to serve our existing and new customers working in the Midwest.”
Curt Tuggle Owner of Holloway Wire Rope will be joining the Delta Rigging & Tools management team and continue as General Manager of the Tulsa and Wichita operations. “We are very pleased that a company with Delta Rigging & Tools national stature and reputation for quality and value is acquiring Holloway Wire Rope” said Curt. “Holloway Wire Rope is recognized for the high quality products we offer, customer satisfaction and safety. We believe that joining Delta Rigging & Tools will help us continue to grow by bringing us access to tremendous purchasing power and distribution of some of the best brands in our industry.”
According to Hausman, Delta Rigging & Tools will continue to seek additional acquisition opportunities of companies offering sales and rental of rigging, lifting and specialty products serving energy and industrial customers around the country,