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Tidewater Announces the All-Cash Acquisition of Wilson Sons Ultratug Offshore
Businesswire· 2026-02-22 23:23
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) ("Tidewater†) today announced that it has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, "WSUT†) at an enterprise value of approximately $500 million, including the assumption of WSUT's existing debt (the "Transaction†). Strategic Rationale Quintin Kneen, Tidewater's President and Chief Executive Officer, commente ...