Brenntag acquires Rental Service Specialty

Brenntag acquires Rental Service Specialty

Brenntag, a global leader in chemicals and ingredients distribution, has announced the acquisition of Rental Service Specialty LLC, a rental equipment supplier based in Broussard, Louisiana, USA. RSS specialises in providing rental equipment for pipeline integrity and maintenance services in the Oil & Gas midstream and downstream markets. The acquisition aims to strengthen Brenntag’s N-SPEC pipeline services division, enhancing its portfolio and market presence in the crucial energy sector of North America.

Rental Service Specialty, based in Broussard, Louisiana, will be integrated into N-SPEC Pipeline Services, a business unit within Brenntag’s Coastal Chemical. N-SPEC focuses on providing sustainable solutions for pipeline cleaning and integrity maintenance. The acquisition of RSS is expected to facilitate the growth and expansion of pipeline services and maintenance offerings to a broader customer base.

Blake Willis, President of Coastal Chemical, a Brenntag Group Company, expressed enthusiasm about welcoming the RSS team to the Brenntag family. The integration of RSS is anticipated to contribute to the regional market footprint of N-SPEC, allowing for further service calibration and expansion. Additionally, the acquisition will enable operations to incorporate circular economy aspects, such as extending the lifecycle of customers’ equipment through the services provided by RSS.

RSS brings valuable industry-specific documentation and quality control programs for using high-pressure temporary piping and equipment, crucial for work on liquid and natural gas pipelines, particularly in the growing liquefied natural gas market. The annual revenue of Rental Service Specialty was reported to be approximately $10 million USD in 2023.

Todd Naquin, Co-Owner of Rental Service Specialty, highlighted the opportunity presented by joining the Brenntag Group, providing RSS with the necessary resources and reach to offer their equipment, expertise, and services to a broader customer base in the energy sector.

The financial details of the acquisition have not been disclosed, and the signing and closing of the transaction occurred simultaneously.

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2nd February 2024