AcquisitionsJul 6, 2026, 06:02 AM
Tidewater Acquisition of Wilson Sons Ultratug to Close Q3 2026
AI Summary
Tidewater Inc. provided an update on its previously announced acquisition of Wilson Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A. for an aggregate cash purchase price of $500,000,000, subject to adjustments including assumed debt of approximately $239.7 million. The company has secured all necessary local regulatory approvals, including from the Brazilian Antitrust Authority, and obtained change-of-control waivers for the target companies' credit facilities. The transaction is now anticipated to close during the third quarter of 2026.
Key Highlights
- Tidewater Inc. is acquiring Wilson Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A.
- The aggregate cash purchase price for the acquisition is $500,000,000.
- The purchase price is subject to adjustments, including a reduction for assumed debt.
- Assumed debt was approximately $239.7 million as of March 31, 2026.
- All required local regulatory approvals, including from the Brazilian Antitrust Authority, have been received.
- Change-of-control waivers for the Target Companies’ primary credit facilities have been obtained.
- The transaction is now expected to close sometime during the third quarter of 2026.
Price Impact
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