Tidewater Inc. Acquires Swire Pacific Offshore Holdings Limited

Tidewater to Acquire Wilson Sons Ultratug Offshore (WSUT) in ~$500 Million All-Cash Deal

February 22, 2026

Transportation

Tidewater announced it has 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) for approximately $500 million in an all-cash transaction, including assumption/rollover of existing debt. The acquisition is designed to expand Tidewater’s footprint in Brazil and strengthen its offshore support vessel fleet, adding 22 platform supply vessels (PSVs) and about $441 million of existing backlog.

Swire Shipping Acquires Westwood Shipping Lines

June 30, 2022

Transportation

Swire Shipping signed a definitive agreement to acquire Westwood Shipping Lines, an independent vessel operator serving the Pacific Northwest–Northeast Asia (Japan, Korea, China) trade. The acquisition was later finalized after regulatory approvals and satisfaction of customary closing conditions.

Altrad Group Acquires Sparrows Offshore Group from AEA Investors

July 11, 2022

Industrial Services

France-based Altrad Group has acquired Sparrows Offshore Group from AEA Investors’ Middle Market Private Equity fund. Sparrows, headquartered in Aberdeen, United Kingdom, is a global provider of specialist engineering and operations & maintenance services to the offshore energy, renewables and industrial markets and employs over 2,200 certified engineers and technicians; the deal adds capabilities and geographic scale to Altrad’s industrial services platform.

SPIE Acquires 85% Stake in Correll Group

December 7, 2023

Energy

French multi-technical services group SPIE will acquire 85% of Correll Group, a UK-based specialist in electrical engineering, installation and maintenance for the offshore wind sector. The deal expands SPIE Oil & Gas Services' footprint in offshore wind (it will be renamed SPIE Global Services Energy) and is expected to close in January 2024; Correll will retain 15% with management and contributes ~€55m revenue and c.109 employees plus 500+ contractors (2023).

Teledyne Technologies Acquires Valeport Holdings

March 12, 2024

Manufacturing

Teledyne Technologies has entered into an agreement to acquire Valeport Holdings Limited, a Totnes, United Kingdom–based designer and manufacturer of underwater sensors and oceanographic instrumentation. Valeport's product portfolio—sound velocity probes, current and flow meters, CTD sensors and multi-parameter profilers—will join Teledyne Marine to expand Teledyne's subsea technology offerings; terms were not disclosed.

Turnspire Capital Partners Acquires Swanson Industries and Tiefenbach North America

June 6, 2024

Industrial Services

Turnspire Capital Partners LLC (through an affiliate) has acquired Swanson Industries, a Morgantown, West Virginia–headquartered provider of manufacturing, remanufacturing, repair, and distribution services for mining equipment and hydraulic cylinders. The transaction includes Swanson’s controlling stake in Tiefenbach North America and is intended to support operational improvements, capability expansion, and strategic growth under Turnspire’s partnership with management.