M&A Deal Summary

Saltchuk Resources Acquires Overseas Shipholding Group

On May 20, 2024, Saltchuk Resources acquired marine company Overseas Shipholding Group for 950M USD

Acquisition Highlights
  • This is Saltchuk Resources’ 1st transaction in the Marine sector.
  • This is Saltchuk Resources’ largest (disclosed) transaction.
  • This is Saltchuk Resources’ 2nd transaction in the United States.
  • This is Saltchuk Resources’ 1st transaction in Florida.

M&A Deal Summary
Date 2024-05-20
Target Overseas Shipholding Group
Sector Marine
Buyer(s) Saltchuk Resources
Deal Type Add-on Acquisition
Deal Value 950M USD

Target

Overseas Shipholding Group

Tampa, Florida, United States
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.

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Buyer(S) 1

Buyer

Saltchuk Resources

Seattle, Washington, United States
Category Company
Founded 1982
Sector Transportation
DESCRIPTION

Saltchuk Resources, Inc. is a provider of air cargo, domestic/international shipping and and trucking services. Saltchuk Resources, Inc. was founded in 1982 and is based in Seattle, Washington.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Interstate Distributor

Tacoma, Washington, United States

Interstate Distributor Co. is a provider of dry van truckload transportation services, including local, regional, dedicated, and transcontinental services. Interstate Distributor Co. was founded in 1933 and is headquartered in Tacoma, Washington.

Sell $113M
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