M&A Deal Summary

Tidewater Acquires Ensco - Marine Vessel Fleet

On February 20, 2003, Tidewater acquired energy services and equipment company Ensco - Marine Vessel Fleet for 79M USD

Acquisition Highlights
  • This is Tidewater’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Tidewater’s 3rd largest (disclosed) transaction.
  • This is Tidewater’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2003-02-20
Target Ensco - Marine Vessel Fleet
Sector Energy Services and Equipment
Buyer(s) Tidewater
Deal Type Divestiture
Deal Value 79M USD

Target

Ensco - Marine Vessel Fleet

London, United Kingdom
Ensco plc - Marine Vessel Fleet includes five anchor handling towing-supply vessels, six modern large capacity 220-foot "stretched" platform supply vessels, 13 standard supply vessels and three utility vessels.

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Buyer(S) 1

Buyer

Tidewater

Houston, Texas, United States
Category Company
Founded 1956
Sector Energy Services and Equipment
Employees5,400
Revenue 1.0B USD (2023)
DESCRIPTION

Tidewater provides offshore vessel services in support of all phases of offshore exploration, field development and production, including towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover and production activities; offshore construction, ROV operations, and seismic and subsea support; and a variety of specialized services such as pipe and cable laying. Included within the company’s offshore service vessel fleet are vessels that are operated under joint ventures, as well as vessels that have been stacked or withdrawn from service. Tidewater was founded in 1956 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 6
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Hornbeck Offshore Services

Covington, Louisiana, United States

Hornbeck Offshore Services is a provider of marine transportation services to exploration and production, oilfield service, offshore construction, and military customers. Hornbeck Offshore Services was founded in 1997 and is based in Covington, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Aquanos AS

Grimstad, Norway

Aquanos AS is a provider of the multi-purpose ROV and light construction vessel Aquanos Enabler, currently under construction at STX Europe shipyard in Brevik, Norway.

Buy -
Mergr

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