M&A Deal Summary

Overseas Shipholding Group Acquires Alaska Tanker

On March 12, 2020, Overseas Shipholding Group acquired marine company Alaska Tanker

Acquisition Highlights
  • This is Overseas Shipholding Group’s 2nd transaction in the Marine sector.
  • This is Overseas Shipholding Group’s 3rd transaction in the United States.
  • This is Overseas Shipholding Group’s 1st transaction in Oregon.

M&A Deal Summary
Date 2020-03-12
Target Alaska Tanker
Sector Marine
Buyer(s) Overseas Shipholding Group
Deal Type Add-on Acquisition

Target

Alaska Tanker

Beaverton, Oregon, United States
Alaska Tanker Co., LLC is a provider of transportation services for crude oil and petroleum products. Alaska Tanker is based in Beaverton, Oregon.

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Buyer(S) 1

Buyer

Overseas Shipholding Group

Tampa, Florida, United States
Category Company
Founded 1948
Sector Marine
Revenue 452M USD (2023)
DESCRIPTION

Overseas Shipholding Group provides liquid bulk transportation services for crude oil and petroleum products in the U.S. Flag markets. The company's U.S. Flag fleet consists of Suezmax crude oil tankers, conventional and lightering ATBs, shuttle and conventional MR tankers, and non-Jones Act MR tankers participating in the U.S. Tanker Security Program. Overseas Shipholding Group is headquartered in Tampa, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Marine) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Oregon) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-26 Heidmar - Lightering Business

United States

Heidmar - Lightering Business is a provider of oil lightering services to refiners, oil companies and trading companies primarily in the U.S. Gulf.

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