M&A Deal Summary

All Coast Acquires Hercules Offshore - Domestic Liftboats

On June 24, 2013, All Coast acquired energy services and equipment company Hercules Offshore - Domestic Liftboats from Hercules Offshore for 54M USD

Acquisition Highlights
  • This is All Coast’s 1st transaction in the Energy Services and Equipment sector.
  • This is All Coast’s largest (disclosed) transaction.
  • This is All Coast’s 1st transaction in the United States.

M&A Deal Summary

Date 2013-06-24
Target Hercules Offshore - Domestic Liftboats
Sector Energy Services and Equipment
Buyer(s) All Coast
Sellers(s) Hercules Offshore
Deal Type Divestiture
Deal Value 54M USD

Target

Hercules Offshore - Domestic Liftboats

United States
Hercules Offshore - Domestic Liftboats includes 29 marketed liftboats, 10 cold-stacked liftboats, and related assets.

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Buyer(S) 1

Buyer

All Coast

Lafayette, Louisiana, United States

website


Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

All Coast, LLC owns and operates a fleet of liftboats for the offshore oil and gas market in the Gulf of Mexico.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Hercules Offshore

Houston, Texas, United States

website


Category Company
Founded 2004
Sector Energy Services and Equipment
Employees1,800
Revenue 900M USD (2014)
DESCRIPTION

Hercules Offshore, Inc. is a provider of offshore contract drilling, liftboat and inland barge services with operations in nine countries on four continents. Its fleet of jackup rigs is the fourth largest in the world and the largest in the U.S. Gulf of Mexico, and it owns and operates the largest liftboat and inland barge drilling fleets in the world.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 3 of 3
Type (Divestiture) 3 of 3
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 Discovery Offshore S.A.

Luxembourg, Luxembourg

Discovery Offshore S.A. is a provider of jackup drilling rigs to serve customers in the exploration and production sector.

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