M&A Deal Summary

SEACOR Acquires Superior Energy Services - 18 liftboats

On March 30, 2012, SEACOR acquired energy services and equipment company Superior Energy Services - 18 liftboats from Superior Energy Services for 143M USD

Acquisition Highlights
  • This is SEACOR’s 1st transaction in the Energy Services and Equipment sector.
  • This is SEACOR’s 2nd largest (disclosed) transaction.
  • This is SEACOR’s 3rd transaction in the United States.

M&A Deal Summary

Date 2012-03-30
Target Superior Energy Services - 18 liftboats
Sector Energy Services and Equipment
Buyer(s) SEACOR
Sellers(s) Superior Energy Services
Deal Type Divestiture
Deal Value 143M USD

Target

Superior Energy Services - 18 liftboats

United States
Superior's liftboats support a broad range of well intervention, maintenance, decommissioning and construction services for offshore crude oil and natural gas production. All of the liftboats are currently located in the U.S. Gulf of Mexico.

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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 3 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 3 of 5
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 NRC Group Holdings

Great River, New York, United States

NRC Group is a global provider of comprehensive environmental, compliance, and waste management services to the marine and rail transportation, general industrial, and energy markets. NRC Group’s broad range of capabilities includes standby, environmental and waste disposal services, and enable it to provide a global reach to meet the critical, non-discretionary needs of its more than 5,000 customers across diverse end markets.

Sell -
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

Superior Energy Services

Houston, Texas, United States

Category Company
Founded 1991
Sector Energy Services and Equipment
Employees5,200
Revenue 1.4B USD (2019)
DESCRIPTION

Superior Energy Services is a provider of specialized oilfield services and equipment focusing on serving the production-related needs of oil and gas companies operating in the Gulf of Mexico. Superior provides a wide range of 'post-wellhead' products and services necessary to produce and maintain offshore production, including coiled tubing, hydraulic workover, well control, mechanical wireline, electric wireline, plug and abandonment services and a wide range of rental tools used in drilling and workover operations. Superior Energy Services was founded in 1991 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-10 Complete Production Services

Houston, Texas, United States

Complete Production Services, Inc. provides completion and production services to develop hydrocarbon reserves for oil and gas companies in North America.

Buy $6.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Production Management Industries

Morgan City, Louisiana, United States

Production Management Industries LLC is a provider of cleaning and environmental services to oilfield companies in the Gulf of Mexico and Texas. Production Management Industries is based in Morgan City, Louisiana.

Sell -