Tidewater Closes Wilson Sons Ultratug Acquisition, Adding 22 PSVs
TDW sits 100% above its 52-week low of $46.65.
Summary
Tidewater completed its acquisition of Wilson Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A., effective August 31, 2026. The deal adds 22 platform supply vessels to Tidewater's fleet, strengthening its position in Brazil's offshore support vessel market. This follows the July 2 announcement that all regulatory approvals and waivers had been received for the $500 million acquisition. The closing removes deal uncertainty and begins the integration of the new vessels, which management expects to complement existing operations and expand market share. The company's stock is trading near its 52-week high, reflecting investor optimism about the acquisition's strategic value.
At the time of this announcement, TDW was trading at $93.12 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $46.65 to $97.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.