M&A Deal Summary

SEACOR Acquires U.S. Shipping

On August 13, 2021, SEACOR acquired transportation company U.S. Shipping

Acquisition Highlights
  • This is SEACOR’s 1st transaction in the Transportation sector.
  • This is SEACOR’s 5th transaction in the United States.
  • This is SEACOR’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-08-13
Target U.S. Shipping
Sector Transportation
Buyer(s) SEACOR
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)
Akin Gump Strauss Hauer & Feld
Norton Rose Fulbright (Legal)

Target

U.S. Shipping

Edison, New Jersey, United States
U.S. Shipping provides a fleet of six U.S.-flagged vessels including one highly sophisticated parcel tanker, one product tanker, and four state-of-the-art articulated tug barges. USSC transports chemicals and petroleum products and petroleum throughout the U.S. was founded in 2002 and is based in Edison, New Jersey.

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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 5 of 5
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-21 Sea-Vista

Ft. Lauderdale, Florida, United States

Sea-Vista owns and operates Jones Act vessels used for U.S. coastwise trade of crude oil, petroleum, and specialty chemical products. Sea-Vista is based in Ft. Lauderdale, Florida.

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Legal