M&A Deal Summary

Macro Offshore Acquires Crossway Holdings

On December 17, 2019, Macro Offshore acquired marine company Crossway Holdings

Acquisition Highlights
  • This is Macro Offshore’s 2nd transaction in the Marine sector.
  • This is Macro Offshore’s 1st transaction in the United States.
  • This is Macro Offshore’s 1st transaction in New York.

M&A Deal Summary
Date 2019-12-17
Target Crossway Holdings
Sector Marine
Buyer(s) Macro Offshore
Deal Type Merger

Target

Crossway Holdings

New York, New York, United States
website
Crossway Holdings owns and operates offshore jack-up accommodation vessels. The Company’s portfolio consists of two AJ46-360 GustoMSC designed units built by Dalian Shipbuilding Industry Offshore (DSIC). Both rigs are operable in harsh environments and rated for 350’ water depth. Crossway Holdings owns two accommodation jack-up rigs, Crossway Eagle and Crossway Dolphin, offering dual-use features in accommodation and construction support. Crossway Holdings is based in New York city.

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Buyer(S) 1

Buyer

Macro Offshore

Stavanger, Norway

website

Category Company
Sector Marine
DESCRIPTION

Macro Offshore, is a fully integrated owner and operator of accommodation vessels with a fleet of two harsh-environment deep-water accommodation jack-up rigs, Haven and Crossway Eagle. Macro Offshore is based in Stavanger, Norway.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 2 of 2
Type (Merger) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Master Marine

Oslo, Norway

Master Marine is an offshore energy service company, specializing in accommodation, transportation and installation of heavy structures for the oil, gas and offshore wind power industries. Currently the company has two Service Jack vessels under construction at the Drydocks World yard in Indonesia. Master Marine was founded in 1997 and is based in Oslo, Norway.

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