Global Infrastructure SherpaTidewater acquires Wilson Sons Ultratug's 22-vessel PSV fleet
Tidewater announced the acquisition of Wilson Sons Ultratug, a company with a 22-vessel fleet of PSVs exclusively serving the Brazilian market, as part of its strategy to expand its presence in Brazil.
Counterparts (2)
Seller
Deal Analysis
Tidewater's announced acquisition of Wilson Sons Ultratug's 22-vessel Platform Supply Vessel (PSV) fleet represents a significant strategic maneuver aimed at expanding its presence in the Brazilian market. This transaction involves a substantial fleet exclusively dedicated to serving the Brazilian oil and gas sector, directly aligning with Tidewater's stated growth objectives for the region. The deal, announced on March 2, 2026, underscores Tidewater's commitment to strengthening its operational footprint and market share in a key offshore energy geography.
While the deal value remains undisclosed, the acquisition is notable for the size of the fleet and its specific geographic focus. By integrating Wilson Sons Ultratug's established Brazilian operations, Tidewater is poised to enhance its capacity and competitive position within Brazil's active offshore support vessel market. This move allows Tidewater to capitalize on the ongoing demand for PSVs, which are crucial for supporting exploration, development, and production activities in the country's oil and gas fields.
- Acquisition of a 22-vessel PSV fleet.
- Fleet exclusively serves the Brazilian oil and gas market.
- Tidewater's stated strategy to expand its presence in Brazil.
- Deal value is not disclosed.
Timeline
Announced
Mar 2, 2026
Signed
Closed