Helix Energy Solutions Acquires Alliance Group of Companies

May 17, 2022

Helix Energy Solutions Group completed the acquisition of 100% of the equity interests in the Alliance group of companies, a Louisiana-based offshore shallow-water decommissioning and support-services provider, for $120 million in cash plus potential earnouts. The deal expands Helix's decommissioning and life-of-field maintenance capabilities and increases its presence on the Gulf of Mexico shelf as part of its Energy Transition strategy.

Buyers
Helix Energy Solutions Group, Inc.
Targets
Alliance group of companies
Sellers
Steve Williams
Industry
Energy
Location
Louisiana, United States
Transaction Type
Buyout

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