M&A Deal Summary

Bay-Houston Acquires Seabulk Towing Services

On September 25, 2023, Bay-Houston acquired business services company Seabulk Towing Services from Seabulk

Acquisition Highlights
  • This is Bay-Houston’s 1st transaction in the Business Services sector.
  • This is Bay-Houston’s 1st transaction in the United States.
  • This is Bay-Houston’s 1st transaction in Florida.

M&A Deal Summary

Date 2023-09-25
Target Seabulk Towing Services
Sector Business Services
Buyer(s) Bay-Houston
Sellers(s) Seabulk
Deal Type Divestiture

Target

Seabulk Towing Services

Fort Lauderdale, Florida, United States
Seabulk Towing Services (STS) provides towing services operating from Port Arthur, Texas, and Lake Charles, Louisiana.

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Buyer(S) 1

Buyer

Bay-Houston

Houston, Texas, United States

Category Company
Sector Marine
DESCRIPTION

Bay-Houston is a provider of harbor tug services that has been assisting ships calling ports along the Texas Gulf Coast since the late 1800s. Bay-Houston is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Seabulk

Fort Lauderdale, Florida, United States

Category Company
Sector Marine
DESCRIPTION

Seabulk provides efficient marine logistics and infrastructure solutions, including bulk transportation, harbor and terminal services, and vessel management. Seabulk is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1