M&A Deal Summary

SEACOR Acquires Seabulk International

On March 15, 2005, SEACOR acquired marine company Seabulk International from The Carlyle Group, Riverstone Holdings and aPriori Capital Partners for 532M USD

Acquisition Highlights
  • This is SEACOR’s 1st transaction in the Marine sector.
  • This is SEACOR’s largest (disclosed) transaction.
  • This is SEACOR’s 1st transaction in the United States.
  • This is SEACOR’s 1st transaction in Florida.

M&A Deal Summary
Date 2005-03-15
Target Seabulk International
Sector Marine
Buyer(s) SEACOR
Sellers(s) The Carlyle Group
Riverstone Holdings
aPriori Capital Partners
Deal Type Merger
Deal Value 532M USD
Advisor(s) Jefferies (Financial)
Vinson & Elkins (Legal)

Target

Seabulk International

Ft. Lauderdale, Florida, United States
Seabulk International, Inc. is a provider of marine support and transportation services. Seabulk is principally engaged in three main businesses: offshore energy support, marine transportation and towing.

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Buyer(S) 1

Buyer

SEACOR

Fort Lauderdale, Florida, United States
Category Company
Founded 1989
Sector Transportation
Revenue 1.1B USD (2021)
DESCRIPTION
SEACOR's corporate headquarters in Port Everglades, Florida.
SEACOR's corporate headquarters in Port Everglades, Florida.

SEACOR is a holding company providing transportation and logistics services to support a wide range of business sectors. The SEACOR portfolio includes six wholly owned business lines and eight joint ventures. SEACOR’s Ocean Transportation and Logistics Services segment includes Seabulk, which owns and operates a diversified fleet of bulk transportation, port and infrastructure, and logistics assets, including U.S. Jones Act tankers and a fleet of harbor towing vessels in seven U.S. ports. It also includes SEACOR Island Lines, provider of liner, short-sea project cargo transportation and logistics services to and from the Bahamas and Turks and Caicos as well as Waterman Logistics/US Ocean, which provide global multi-modal logistics transportation for commercial and government customers via a fleet of car carriers and heavylift vessels. SEACOR was founded in 1989 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 1 of 5
Sector (Marine) 1 of 2
Type (Merger) 1 of 1
State (Florida) 1 of 2
Country (United States) 1 of 5
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-13 SCF Waxler Marine

Memphis, Tennessee, United States

SCF Waxler Marine LLC owns, operates, invests in and markets inland river transportation equipment.

Buy -

Seller(S) 3

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 51 of 480
Sector (Marine) 2 of 5
Type (Merger) 2 of 10
State (Florida) 1 of 11
Country (United States) 38 of 259
Year (2005) 3 of 19
Size (of disclosed) 59 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-14 SMaL Camera Technologies

Cambridge, Massachusetts, United States

SMaL Camera Technologies, Inc. designer and manufacturer of sensors and controls for global leaders in the automotive, appliance, aircraft, industrial and HVAC markets.

Sell $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 4Gas

Rotterdam, Netherlands

4Gas is an independent company dedicated to developing and operating LNG import terminals around the world. 4Gas is based in Rotterdam, Netherlands.

Buy -
SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 2 of 57
Sector (Marine) 1 of 2
Type (Merger) 1 of 2
State (Florida) 1 of 1
Country (United States) 2 of 42
Year (2005) 1 of 1
Size (of disclosed) 15 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-02 Stallion Oilfield Services

Houston, Texas, United States

Stallion Oilfield Services provides drill site products and services including accommodation units, surface equipment, and solids control services for oil and natural gas exploration companies in the Gulf Coast, South Texas, ArkLaTex, Fort Worth Basin, Permian Basin, and Rocky Mountain regions. Stallion Oilfield Services was founded in 2002 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 4Gas

Rotterdam, Netherlands

4Gas is an independent company dedicated to developing and operating LNG import terminals around the world. 4Gas is based in Rotterdam, Netherlands.

Buy -
SELLER

aPriori Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.

DEAL STATS #
Overall 11 of 51
Sector (Marine) 1 of 1
Type (Merger) 1 of 2
State (Florida) 1 of 3
Country (United States) 9 of 38
Year (2005) 2 of 8
Size (of disclosed) 18 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-11 Nycomed Pharma AG

Zurich, Switzerland

Nycomed Pharma AG is a manufacturer, marketer, and promoting a range of Rx and OTC pharmaceutical products in Europe. Nycomed offers hospital products and general practitioner medicines, as well as provides late-stage clinical development, and registration and marketing. Nycomed Pharma AG was established in 1986 and is based in Zurich, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-02 Neiman Marcus

Dallas, Texas, United States

Neiman Marcus is a specialty retailer with online and offline operations. The Company's retail stores segment consists primarily of Neiman Marcus, Bergdorf Goodman and Last Call stores. The Online segment conducts both catalog and online operations under the Neiman Marcus, Bergdorf Goodman and Horchow brand names. Neiman Marcus was originally established in 1907 and is headquartered Dallas, Texas.

Buy $5.1B
Mergr

Product

Company

Legal