Mergers & Acquisitions ·
Helix Energy Solutions Group completed its merger with Hornbeck Offshore Services on September 1, 2026
HLXHornbeck Offshore Services, Inc.
Helix Energy Solutions Group completed its merger with Hornbeck Offshore Services on September 1, 2026. Helix converted to a Delaware corporation and merged into Hornbeck, which survived as a wholly owned subsidiary before merging into a Helix subsidiary. The combined entity was renamed Hornbeck Offshore Services, Inc., trading under ticker HOS starting September 2, 2026. Each share of Legacy Hornbeck common stock converted into 10.27167 shares of the new Common Stock. The revolving credit facility increased to $125 million. Former Helix executives Owen Kratz, Erik Staffeldt, and Ken Neikirk departed, while Todd M. Hornbeck was appointed President and CEO. This company operates in the offshore marine transportation industry.