Tidewater Inc. has agreed to buy Wilson Sons Ultratug Participações S.A. and affiliate Atlantic Offshore Services S.A. in an all-cash deal valued at about $500 million in enterprise value, including assumed debt. The acquisition would add 22 platform supply vessels and expand Tidewater’s Brazil fleet from six vessels to 28; Tidewater said WSUT has about $441 million of backlog and expects the business to generate roughly $220 million of revenue over the first 12 months after closing, which is targeted for late in the second quarter of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tidewater Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260222708371) on February 22, 2026, and is solely responsible for the information contained therein.