6/2/2010 - RANGER OFFSHORE COMPLETES ACQUISITION OF TIBURON DIVERS.
Houston, Texas, June 2, 2010 -- Ranger Offshore, Inc. announced today the completion of its acquisition of the offshore commercial diving assets of Tiburon Divers, Inc. Equity financing was provided by SunTx Capital Partners based in Dallas, Texas. Under the terms of the agreement, Ranger will continue to utilize the personnel, certain assets, and experience of Tiburon to provide offshore diving services to the oil and gas industry. Immediate 4-point diving construction and inspection vessel services will remain the same. Ranger’s focus on its people, quality and overall commitment to safety remain a core part of the company’s approach to its work. Bill J. Lam, President and CEO of Ranger commented, “As part of our near-term expansion plan, Ranger will focus on increasing its services to include saturation diving as well as providing services on board dynamically positioned vessels. Our longer-term growth plans include expanding into the offshore pipe lay and heavy lift services market so that we can be even better positioned to satisfy the needs of our customers and realize our goal of becoming the preferred provider of full offshore construction services.” Lam continued, “Ranger has assembled an experienced management team with extensive knowledge of the marine offshore service market to enhance the services currently provided by Tiburon. Tiburon has earned an outstanding reputation for its commitment to safety and high quality work, and we are very excited to have Tiburon as our platform for growth into a more integrated full service marine contractor operating within the Gulf of Mexico and in international markets. “In addition, we are delighted to work with the management team at SunTx Capital Partners, and look forward to their continued support as we carry out our key growth initiatives,” Lam concluded.
About Ranger Offshore Inc.
Ranger Offshore, Inc. provides sub-sea marine construction services support for the offshore oil and gas energy industries primarily in the U.S. and in the Gulf of Mexico. Headquartered in Houston, Texas, Ranger supports field operations from its base in New Iberia, LA.
About SunTx Capital Partners
SunTx Capital Partners is a private equity investment partnership that works closely with management teams to buy and build middle market companies. Founded in 2000, and headquartered in Dallas, Texas, SunTx has approximately $600 million of assets under management. The capital committed by SunTx comes from its principals, as well as from institutional investors, including leading university endowments and corporate and public pension funds.
Contact for Ranger Offshore, Inc:
Denny Swartz, Vice President of Business Development
281-465-8331
d.swartz@rangeroffshoreinc.com
Contact for SunTx Capital Partners:
Melissa Sheer/Kimberly Kriger
Kekst and Company
212-521-4800
melissa-sheer@kekst.com
kimberly-kriger@kekst.com

5/7/2008 – Tiburon Divers Qualifies New Welding Procedures.
Houston, Texas – May 7, 2008 – An upcoming project will require Tiburon Divers to perform new underwater welding procedures. Clint Anthony, Tiburon’s Technical Services Coordinator, and Accurate Weldment Testing, a testing and consulting company, worked together to define the procedures.

The procedure for a class “C” fillet weld has been qualified in accordance with AWS (American Welding Society) D3.6M. The procedure covers up to 50/55 grade steel from .250” to .750” in all positions. Currently five divers have qualified and additional divers are training to test.

“Tiburon is committed to providing innovative solutions to meet the needs of our clients,” stated Steve Moses, President of Tiburon Divers. “This project demonstrates Tiburon’s ability to respond quickly to meet project requirements and goals. We continuously strive to exceed our clients’ expectations.”

Tiburon Divers, Inc., headquartered in Houston, Texas, provides full-service commercial diving services to the Oil and Gas industry.

3/14/2008 – Tiburon Exhibits at SGA Conference
Houston, Texas – April 14, 2008 – Tiburon Divers, Inc., exhibited at the Southern Gas Association Offshore Operations Conference April 9-11, in Houston, TX.

Over 30 companies participated in the vendor exhibit to showcase the latest in offshore services, technology and equipment.

1/16/2008 – Tiburon Divers to Exhibit at Underwater Intervention.
Houston, Texas - January 16, 2008 - Tiburon Divers will exhibit at the Underwater Intervention 2008 convention January 29-31, 2008, in New Orleans, Louisiana at the Ernest N. Morial Convention Center.

Tiburon Divers, Inc., headquartered in Houston, Texas, provides full-service commercial diving services to the offshore Oil and Gas industry.

1/2/2008 – Tiburon Divers Introduces Diver’s Eye.
New Service Provides a Visual Link into Offshore Operations.
Houston, Texas – January 2, 2008 - Tiburon Divers has launched a remote video streaming service called Diver’s Eye to provide clients with a real-time visual link into offshore operations. The service enables monitoring and inspection of subsea structures and remote facilities via streaming video.

With Diver’s Eye, there is no waiting for project updates – information is received instantly. The service is web-based and can be simultaneously accessed by multiple parties via computer, regardless of physical proximity to the work site.

“Tiburon is an innovative company and we are committed to providing innovative solutions to meet the needs of our clients. Diver’s Eye provides our clients with a more efficient and cost-effective way to stay connected to projects,” stated Steve Moses, President of Tiburon Divers.

Tiburon Divers, Inc., headquartered in Houston, Texas, provides full-service commercial diving services to the offshore Oil and Gas industry.

7/2/2007 – Tiburon Divers is proud to announce...
The promotion of Gregory Bellew, Monte Dutcher and Michael Reed from tender to Class III diver. Tiburon is proud of their hard work and dedication to the high standards we set at the company. They have met or exceeded our and our clients’ demanding expectations on the job and we look forward to their continued service and professionalism in the future.

4/24/2007 – Tiburon Marine, LLC opens its doors.
Tiburon Marine, LLC, a division of Tiburon Divers, will officially open the doors of their new headquarters in Amelia, LA.

4/16/2007 – M/V Hammerhead completed addition.
M/V Hammerhead completed addition of a new 12 ton crane and the modification of the A-frame to allow it to be removed.