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Tuesday, September 1, 2026 · UTC
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Tidewater Completes Acquisition of Offshore Tug Operator WSUT

Tidewater Inc. finalized its acquisition of Wilson, Sons Ultratug Participações S.A. effective August 31, 2026.

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As of 2026-09-01 22:50 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Tidewater Inc. announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. on August 31, 2026. [1] Helix Energy Solutions and Hornbeck Offshore Services merged, with the combined company changing its name to Hornbeck Offshore Services as of September 1. [2] The merged company aims to establish a premier integrated offshore services company with a high-specification fleet supported by subsea robotics and well intervention capabilities. [3] Tidewater projected a combined fleet of 28 ships in Brazil and a total of 213 OSVs following the acquisition, with a global fleet of 231 vessels. [4] Quintin Kneen serves as the President and Chief Executive Officer of Tidewater Inc. [5]
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  1. Tidewater Inc. announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. on August 31, 2026. · marinelink.com
  2. Helix Energy Solutions and Hornbeck Offshore Services merged, with the combined company changing its name to Hornbeck Offshore Services as of September 1. · The Maritime Executive
  3. The merged company aims to establish a premier integrated offshore services company with a high-specification fleet supported by subsea robotics and well intervention capabilities. · The Maritime Executive
  4. Tidewater projected a combined fleet of 28 ships in Brazil and a total of 213 OSVs following the acquisition, with a global fleet of 231 vessels. · The Maritime Executive
  5. Quintin Kneen serves as the President and Chief Executive Officer of Tidewater Inc. · marinelink.com
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