Tidewater

Tidewater Inc. is acquiring Wilson Sons Ultratug Offshore for approximately $302 million in an all-cash deal. This strategic move will create a global leader in the offshore vessel market with a combined fleet exceeding 150 vessels. The acquisition, expected to close in Q4 2023, enhances Tidewater’s presence in key growth markets like Brazil and West Africa, promising significant cost synergies and immediate accretion to earnings per share.