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

February 22, 2026

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.

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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