OEG Expands US Footprint Through Acquisition of Trinity Rental Services

16 July 2025

(Image credit: OEG)

OEG has announced the strategic expansion of its US footprint and capabilities through the acquisition of Trinity Rental Services (TRS) and its vertically integrated affiliates. The acquisition strengthens the firm’s market position, further enhancing its capabilities and increasing its fleet availability and choice to support customers in the region.

Transaction highlights:

Acquisition more than doubles OEG’s regional sales, with TRS achieving FY24 revenue of $53 million
Enhances OEG’s capabilities, fleet capacity, and choice to customers in the Gulf of America with the ability to support operators and tier-1 customers
Expands US footprint through doubling of regional fleet
Enhances regional capabilities with the addition of ~80 highly experienced personnel and a well-maintained, young fleet of ~5,600 cargo carrying units (CCUs)
Takes OEG’s total number of CCUs worldwide to over 80,000
Provides a new service not currently offered by OEG through the addition of an experienced team of API inspectors, providing specialist integrity and inspection services that will also complement and enhance OEG’s offshore wind offering
Supports OEG’s long-term commitment to develop the leading offering in CCUs in each of its global regions and to continue to scale in core markets offering strong growth potential
Aligns with the ongoing development of OEG’s offshore wind offering, where the company continues to review new acquisition opportunities

The acquisition of TRS represents the first material transaction undertaken by OEG following the recent completion of its acquisition by Apollo for an implied headline valuation of more than $1 billion.