The Chouest Group, Cut Off, La., has acquired Canadian marine services company Horizon Maritime as part of a broader expansion of its operations across Canada.
The deal brings Horizon Maritime, St. John’s, Newfoundland and Labrador, into the Chouest Group while keeping Horizon’s existing management team and leadership structure in place. Financial terms were not disclosed.
Horizon was acquired from CFFI and lender HPS, according to the companies.
The transaction expands Chouest’s presence in Canada, including operations along the East and West coasts and in the Arctic. Horizon specializes in harsh-environment marine and offshore work and has operations across all three Canadian coastlines.
Horizon CEO Steve Widmeyer will remain in his role, while Widmeyer and co-founder Sean Leet will join the company’s board of directors.
“We are excited to welcome Horizon Maritime to the Chouest Group,” said Dino Chouest, executive vice president of the Chouest Group. “We see immense value in Horizon’s team, leadership and operational excellence.”
Chouest said the combination will pair Horizon’s Canadian operating base and customer relationships with the group’s vessel fleet, subsea services, engineering and technology businesses.
Horizon has worked across offshore energy, Arctic and other marine markets and has also developed partnerships with Indigenous communities in Canada.
“This is an opportunity to build on what we have created and take Horizon Maritime into its next phase of growth,” Leet said. “The Chouest Group brings significant marine experience, assets and capabilities that will help us scale Horizon Maritime’s offerings.”
Widmeyer said the transaction is also intended to create additional long-term opportunities for Horizon employees.
“Today’s announcement represents a key moment in Horizon Maritime’s journey as we continue, with the strength of the Chouest Group, to create meaningful opportunities for long-term career growth, professional development and advancement,” he said.
The Chouest Group operates across vessel ownership, offshore services, shipbuilding, subsea work, engineering and technology manufacturing.
Horizon Maritime will continue operating under its existing name and management structure following the acquisition.
