Harvey Gulf International Marine announced it will purchase most of Abdon Callais Offshore‘s assets and business, including 48 offshore supply vessels. Four of the OSVs are currently under construction.
Golden Meadow, La.-based ACO has one of the youngest and largest OSV fleets in the U.S. Gulf of Mexico with a focus on providing a wide variety of cargo and personnel transportation services to both the shallow water and deepwater markets. Of ACO’s 48-vessel fleet, 92 percent are dynamically positioned (DP-1 or DP-2) and 58 percent of the OSVs are 205′ and longer.
The acquisition expands New Orleans-based Harvey Gulf’s vessel classes and allows the company to broaden its service offering to customers in the U.S. Gulf. The transaction is expected to close in the fourth quarter.
Mayer Brown LLP has served as legal advisor to Harvey Gulf in connection with the transaction. Raymond James & Associates Inc. has served as financial advisor, and Baldwin Haspel Burke and Mayer LLC served as legal advisor to ACO.
This deal follows on the heels of $540 million of transactions announced by Harvey Gulf in May. This summer, the company purchased 11 DP-2 offshore supply and fast supply vessels from Gulf Offshore Logistics, awarded a contract to Eastern Shipbuilding Group for the construction of two IMR 340H 327’x73’x29’3″ heavy lift construction vessels, and exercised an option with TY Offshore for the construction of a sixth dual fuel offshore service vessel. Harvey Gulf also recently took delivery of the Harvey Deep-Sea, a 302′ ultradeepwater installation vessel.