Hertz Equipment Rental Corp. continues its efforts to grow in energy markets with the acquisition of WGI Rentals, based in Williston, N.D. By acquiring WGI Rentals, HERC further penetrates the exploratory drilling activity in and around the Bakken Shale, which is a significant market for conventional and unconventional drilling activities.
Founded in 2007, WGI has been servicing the local community and Bakken Shale service contractors.
“With its experience in providing equipment to the emerging petrochemical market in North Dakota, WGI enables Hertz to bring its industrial service expertise into a new region while enabling Hertz to tap into the growth of North Dakota’s oil and gas industry,” said Mark Frissora, Hertz Global Holdings president.
The acquisition is the second significant purchase of a rental company in Williston this month. Delta Rigging & Tools, a leading rental provider of lifting and rigging products in the United States, acquired Grizzly Wire Rope & Chain, also based in Williston, earlier this month.
HERC, based in Park Ridge, N.J., is No. 4 on the RER 100.