Tidewater to buy Wilson Sons Ultratug Offshore for about $500 million in cash

Reuters
3 hours ago
Tidewater to buy Wilson Sons Ultratug Offshore for about $500 million in cash

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.

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