Tidewater Inc. Acquires Wilson Sons Ultratug Participações

By Greg Peters • Tuesday, September 01 10:52 • Permanent Link

Tidewater completed its acquisition of Wilson Sons Ultratug Participações and its affiliate Atlantic Offshore Services on August 31, 2026, adding a fleet of 22 platform supply vessels to its own operations.

The deal expands Tidewater’s presence in Brazil and increases its offshore support vessel footprint. Tidewater said the WSUT fleet is a complement to its existing fleet and strengthens its position in offshore support vessels globally.

Quintin Kneen, Tidewater’s president and chief executive officer, said the company is welcoming new employees from WSUT as part of the transaction. The market has reacted to these announcements by moving the company's shares 3.51% to a price of $96.39. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.