M&A Deal Summary

Hornbeck Offshore Services Acquires Maritime Administration - Three High-Spec Offshore Supply Vessels

On February 7, 2022, Hornbeck Offshore Services acquired marine company Maritime Administration - Three High-Spec Offshore Supply Vessels from MARAD

Acquisition Highlights
  • This is Hornbeck Offshore Services’ 1st transaction in the Marine sector.
  • This is Hornbeck Offshore Services’ 1st transaction in the United States.
  • This is Hornbeck Offshore Services’ 1st transaction in District of Columbia.

M&A Deal Summary

Date 2022-02-07
Target Maritime Administration - Three High-Spec Offshore Supply Vessels
Sector Marine
Buyer(s) Hornbeck Offshore Services
Sellers(s) MARAD
Deal Type Divestiture

Target

Maritime Administration - Three High-Spec Offshore Supply Vessels

Washington, District of Columbia, United States
Maritime Administration's Three High-Spec Offshore Supply Vessels provide technologically advanced, new generation offshore service vessels.

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Buyer(S) 1

Buyer

Hornbeck Offshore Services

Covington, Louisiana, United States

Category Company
Founded 1997
Sector Transportation
Employees1,009
Revenue 212M USD (2018)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: District of Columbia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-29 Hornbeck Offshore Transportation

Covington,, Louisiana, United States

Hornbeck Offshore Transportation, LLC owns and operates a fleet of ocean- going tugs and ocean-going tank barges which transport crude oil and refined petroleum products.

Sell $230M

Seller(S) 1

SELLER

MARAD

Washington, District of Columbia, United States

Category Company
Founded 1950
Sector Transportation
DESCRIPTION

MARAD is an agency of the United States Department of Transportation. MARAD was founded in 1950 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: District of Columbia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1