M&A Deal Summary

Tidewater Acquires Zapata Gulf Marine

On June 20, 1991, Tidewater acquired energy services and equipment company Zapata Gulf Marine

Acquisition Highlights
  • This is Tidewater’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tidewater’s 1st transaction in the United States.
  • This is Tidewater’s 1st transaction in Louisiana.

M&A Deal Summary

Date 1991-06-20
Target Zapata Gulf Marine
Sector Energy Services and Equipment
Buyer(s) Tidewater
Deal Type Add-on Acquisition

Target

Zapata Gulf Marine

New Orleans, Louisiana, United States
Zapata Gulf Marine Corp., provides offshore oil services.

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Buyer(S) 1

Buyer

Tidewater

Houston, Texas, United States

Category Company
Founded 1956
Sector Energy Services and Equipment
Employees5,400
Revenue 1.0B USD (2023)
DESCRIPTION

Tidewater provides offshore vessel services in support of all phases of offshore exploration, field development and production, including towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover and production activities; offshore construction, ROV operations, and seismic and subsea support; and a variety of specialized services such as pipe and cable laying. Included within the company’s offshore service vessel fleet are vessels that are operated under joint ventures, as well as vessels that have been stacked or withdrawn from service. Tidewater was founded in 1956 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 6
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Louisiana) 1 of 2
Country (United States) 1 of 2
Year (1991) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Hornbeck Offshore Services

Covington, Louisiana, United States

Hornbeck Offshore Services is a provider of marine transportation services to exploration and production, oilfield service, offshore construction, and military customers. Hornbeck Offshore Services was founded in 1997 and is based in Covington, Louisiana.

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