M&A Deal Summary

Oceaneering International Acquires Meridian Ocean Services

On July 25, 2016, Oceaneering International acquired energy services and equipment company Meridian Ocean Services

Acquisition Highlights
  • This is Oceaneering International’s 7th transaction in the Energy Services and Equipment sector.
  • This is Oceaneering International’s 7th transaction in the United States.
  • This is Oceaneering International’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2016-07-25
Target Meridian Ocean Services
Sector Energy Services and Equipment
Buyer(s) Oceaneering International
Deal Type Add-on Acquisition

Target

Meridian Ocean Services

Portsmouth, Rhode Island, United States
Meridian Ocean Services LLC is a provider of marine services business with primary focus on ROV-based subsea survey and inspection. Meridian leverages ROV, AUV and advanced imaging technology and works with clients across a variety of industries to optimize undersea survey and inspection efforts.

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Buyer(S) 1

Buyer

Oceaneering International

Houston, Texas, United States
Category Company
Founded 1964
Sector Energy Services and Equipment
Employees8,300
Revenue 1.8B USD (2020)
DESCRIPTION
Oceaneering International's corporate headquarters in Houston, Texas.
Oceaneering International's corporate headquarters in Houston, Texas.

Oceaneering International is a provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries. Oceaneering International was formed in 1964 and is based in Houston, Texas.

DEAL STATS #
Overall 16 of 17
Sector (Energy Services and Equipment) 7 of 8
Type (Add-on Acquisition) 10 of 11
State (Rhode Island) 1 of 1
Country (United States) 7 of 7
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Viper Subsea Technology Limited

Portishead, United Kingdom

Viper Subsea Technology Limited is a UK-based provider of control system distribution services and products. Viper offers a range of engineering consultancy services and provides hydraulic, chemical, and electrical subsea distribution systems and equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Ecosse Subsea

Banchory, United Kingdom

Ecosse Subsea Ltd. is a provider of offshore engineering, seabed preparation, route clearance and trenching services to the renewable energy and oil and gas industries. Ecosse Subsea is based in Banchory, United Kingdom.

Buy £50M
Mergr

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