Tidewater Acquires Wilson Sons Ultratug Offshore in $500 Million All-Cash Deal

February 22, 2026

Tidewater entered into a definitive agreement to acquire all outstanding shares of Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively “WSUT”) in an all-cash transaction valued at approximately $500 million, including assumption of existing debt. The deal is expected to close late in the second quarter of 2026, subject to regulatory approvals (including Brazil’s CADE) and customary closing conditions.

Buyers
Tidewater Inc.
Targets
Wilson Sons Ultratug Participações S.A., Atlantic Offshore Services S.A.
Industry
Transportation
Location
Brazil
Transaction Type
Buyout

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