Feb. 23 at 3:53 AM
$TDW Tidewater to acquire outstanding shares of Wilson Sons Ultratug for
$500M
Tidewater announced that it has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Participacoes S.A. and its affiliate Atlantic Offshore Services S.A. at an enterprise value of approximately
$500 million, including the assumption of WSUT's existing debt. Under the terms of the Transaction, Tidewater will acquire all of the outstanding shares of WSUT for cash consideration to be funded from cash on hand. It is also anticipated that WSUT's existing debt of approximately
$261 million provided by BNDES and Banco do Brasil will be rolled over as part of the Transaction. The Transaction was unanimously approved by Tidewater's Board of Directors and is expected to close late in the second quarter of 2026, subject to required regulatory approvals and other customary closing conditions including approval from the Brazilian Antitrust Authority.
