Tidewater acquires Wilson Sons Ultratug Participações and Atlantic Offshore Services for $500M

Tidewater's US$500 million acquisition of Wilson Sons Ultratug Participações and Atlantic Offshore Services, including existing debt, represents a calculated move to consolidate its market leadership within Brazil's oil and gas sector. The transaction, announced on 2026-03-16 and approved by Cade, targets a H2 2026 finalization, indicating a long-term strategic play. By absorbing Wilson Sons Ultratug Participações, the largest towage company in Brazil, Tidewater gains immediate access to essential port and maritime logistics services. Concurrently, the integration of Norwegian-based Atlantic Offshore Services, with its fleet of safety/standby and supply vessels, expands Tidewater's operational capabilities and asset base in the region. This dual acquisition structure allows Tidewater to enhance its global OSV offering through both localized Brazilian expertise and specialized international assets. As the leading global provider of offshore support vessels, Tidewater Inc. is strategically leveraging this acquisition to deepen its presence in a critical energy market. The absorption of Wilson Sons Ultratug Participações, a joint venture between Wilson Sons and SAAM Towage, directly integrates Brazil's dominant towage operations into Tidewater's portfolio. Atlantic Offshore Services, a Norwegian offshore services provider with approximately 400 employees, contributes its specialized fleet supporting oil and gas and offshore wind sectors, diversifying Tidewater's regional service capacity. This US$500 million deal, encompassing both a local Brazilian giant and an international specialist, demonstrates Tidewater's commitment to expanding its operational footprint and service breadth in Brazil.