C-Innovation, LLC, an affiliate of Edison Chouest Offshore and its family of companies, has acquired the controlling interest in Caltex Oil Tools.
Caltex, which is headquartered in Houston, provides equipment rentals, services and customized engineering capabilities to the offshore industry. The acquisition means C-Innovation, whose core mission is to be a single-source solution for the subsea and offshore industries, can expand its engineering and subsea service capabilities.
In making the announcement, C-Innovation Vice President David Sheetz adds that the deal will allow the companies to jointly develop “more efficient technology and processes to increase returns in riserless light well intervention projects.” C-Innovation President Dino Chouest added that the acquisition “will further strengthen us as a world leader in offering our clients a total solution in today’s challenging market.”
