HB Rentals Ups Capex for Rental Fleet
HOUSTON, (Nov. 30, 2010) — HB Rentals, a Superior Energy Services company, has invested an additional $20 million in capital expenditures (CAPEX) to add units to its rental fleet.
The investment will allow the company to increase its rental fleet by adding 100 onshore units in the form of wheel-mounted trailers and cold weather skid housing, as well as an additional 20 A60-rated offshore units.
Along with onshore and offshore buildings, HB Rentals is also increasing its inventory of auxiliary equipment and communication systems in order to further support its growing fleet of accommodation units. The latest build program has already begun and production should be complete by the end of the year.
"This investment, as well as the original $16 million spent early in the year for the aggressive land build program, is proof of HB Rentals' willingness to invest in its own growth in order to further support our customer base," said President Deidre Toups.