Mergers & Acquisitions ·
Tidewater completed its acquisition of Wilson, Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A. on…
TDDWWTidewater Inc
Tidewater completed its acquisition of Wilson, Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A. on August 31, 2026, for an aggregate purchase price of USD $500 million. The transaction involved approximately USD $283.1 million in cash payments and the assumption of existing debt totaling approximately USD $229.3 million. Tidewater acquired a fleet of 22 platform supply vessels, expanding its offshore support vessel presence in Brazil. The company also secured unsecured bank guarantees from DNB Bank ASA not exceeding USD $170,458,000 to replace parent company guarantees for BNDES construction loans by December 31, 2026. Tidewater operates in the offshore energy services industry, owning and operating one of the largest fleets of offshore support vessels globally.