OEG Offshore and Paragon Industries Announce Merger

OEG Offshore and Paragon Industries announces there merger. The multi-million dollar merger confirms the combined OEG business as one of the leading offshore container suppliers serving the Gulf of Mexico.

The deal expands OEG’s US fleet by over 1,400 units and includes a number of new container designs as well as extending OEG’s current Gulf Coast presence to a number of new full service locations. Paragon’s 14 experienced staff will join with OEG’s US based employees.

Paragon President & CEO, Leonard J. Guarisco, Jr said that Paragon Industries is confident that its merger with OEG Offshore will result in a new, united ability to offer an increased breadth and depth of complimentary product offerings and service capabilities to meet their customers’ requirements.  This merger will not only support ongoing working relationships with their existing customer bases, but will provide a more efficient and effective enterprise to continue to provide and improve its quality level of service across a broader scope of needs.

OEG Offshore Chief Executive John Heiton said that they are delighted to align with Leonard and the Paragon team to develop their product range in the US Gulf of Mexico market and believe that with the similar culture and service ethos of OEG and Paragon that we shall achieve a rapid integration of the two companies and provide rapid benefits to their expanded customer base.

Image Source: OEG Offshore