Wilson Sons Ultratug Offshore Acquired by Tidewater — Logistics M&A

Tidewater has completed the acquisition of Wilson Sons Ultratug Offshore, a logistics other business in Brazil, for $500 million. Tidewater acquires Wilson Sons Ultratug Offshore to expand offshore support vessel (OSV) and platform supply vessel operations through a fleet of 22 PSVs supporting Brazil’s offshore energy logistics. Wilson Sons Ultratug Offshore provides crew boats, tug boats, and maintenance vessels that strengthen Tidewater’s Brazil footprint, growing vessels from six to 28 and supporting Brazilian Special Registry (REB) tonnage access. The strategic acquisition is structured as a merger acquisition and is an all-cash transaction that includes assumption and rollover of about $261 million in long-duration amortizing debt. Tidewater acquisitions are expected to close in late Q2 2026, with roughly $441 million in backlog and projected first-12-month revenue of about $220 million.