Tiger Rentals Completes Acquisition of Production Management Industries (PMI), a Leading Provider of Cleaning and Environmental Services to Oilfield Companies in the Gulf of Mexico and Texas

BEAUMONT, Texas–(BUSINESS WIRE)–Tiger Rentals Group, LLC (together with its affiliated companies, “Tiger
Rentals”), a leading global oilfield and industrial equipment rental
and services company, has completed the acquisition of the equity of
Production Management Industries (“PMI”) from Superior Energy Services.
Terms of the transaction were not disclosed. The acquisition will expand
Tiger’s value-added service offerings to its existing offshore and
onshore oilfield customers.

For over 20 years, PMI has been a leading provider of cleaning and
environmental services to oilfield companies in the Gulf of Mexico and
Texas. PMI maintains the highest safety and environmental standards in
the industry. Services provided include:

• Production Maintenance Cleaning Services:
  Comprehensive range tank and vessel cleaning services for tanks and
  vessels used in offshore production.
• Drilling Cleaning Services: Automated
  cleaning services for mud tanks, rigs, and dry bulk tanks used in
  drilling and completions.
• Environmental Services: Remediation and
  site restoration activities for oilfield sites.

“Tiger Rentals is pleased to add PMI’s exceptional cleaning and
environmental services to our portfolio of customer offerings,” said
Colby Crenshaw, President of Tiger Rentals. “Now our customers can not
only rent equipment from Tiger Rentals, but they can rely on us for a
broader selection of value-added products and services globally.”

PMI features the Mud Hog automated cleaning system for boats, rigs, and
portable tanks in support of its customers’ offshore drilling
activities. The Mud Hog system is one of the most efficient automated
cleaning systems in the Gulf of Mexico and is utilized by many major oil
companies. PMI will soon introduce the Mud Hog Generation 3 modular
system that can be efficiently mobilized anywhere in the world. Crenshaw
added, “We are particularly excited about bringing PMI’s proprietary
automated cleaning technology to Tiger’s international customers.”

“The PMI team is pleased to be joining Tiger Rentals’ world class
equipment rental and service organization. PMI’s cleaning and
environmental services are an ideal fit with Tiger’s existing customer
base and geographic footprint,” said Don Mehrtens, General Manager of
PMI. “Our customers should expect no changes in the services they are
receiving currently.”

About Tiger Rental Group

Tiger Rentals is a leading international provider of offshore oilfield
equipment rental services (Tiger Offshore Rentals), onshore equipment
rental services to the E&P, midstream, petrochemical, and industrial
sectors (Tiger Industrial), energy-related safety equipment rental and
services (Tiger Safety), and cleaning and environmental services (Tiger
PMI). For more information, visit www.TigerRentals.com.

Tiger Offshore provides specialty transport tanks and
logistics equipment rental to the offshore oil and gas market. Our
equipment is used to safely transport, store and process drilling
fluids, liquids, waste, tools, refrigerated goods, dry goods, and more.
Our fleet includes cargo carrying units, baskets, boxes, containers,
tanks and vessels. We also offer slings & rigging, mixing units, mud
tank packages, flooring, rotating equipment, and waste services. Tiger
provides a full array of equipment and services solutions to customers
in North America, South America, Africa, the Mediterranean, and the
Middle East. For more information, visit www.TigerOffshoreRentals.com.

Tiger Industrial is a leading provider of rental equipment and services
to the upstream, midstream, and downstream energy, chemical, and
processing sectors. We have multiple locations
in the US that offer a full range of high-quality equipment for pumping,
cleaning, shelter, flooring, and power generation. Our fleet includes
blast resistant buildings, heavy duty pumps, portable generators,
pressure washers, lighting, and ECOmatTM flooring solutions.
For more information, visit www.TigerIndustrialRentals.com.

Tiger Safety offers the domestic and international oil and gas industry
a full array of safety equipment and services. Our company is backed by
years of safety industry knowledge and experience. Equipment and
services offered include H2S safety, confined space and rescue, well
testing equipment, cameras and communication, personal protective
equipment, lighting equipment, safety trailers, and rotating equipment.
For more information, visit www.TigerSafetyRentals.com.

Tiger PMI provides cleaning and environmental services to the onshore
and offshore oil and gas market. PMI is one of the safest, most
reliable, and most time efficient solutions for its customers’ vessel
and rig cleaning needs. In addition, PMI offers remediation and
restoration activities for onshore drilling and completions sites. For
more information, visit www.pmi.net.

Contacts

Tiger Rentals
Colby Crenshaw, 409-832-9336
President
[email protected]