Chouest Group has acquired Horizon Maritime, expanding its network to Canada’s east and west coasts and the Arctic. The acquisition price has not been disclosed.
U.S. offshore-support company Chouest Group has acquired Canadian company Horizon Maritime. The specific transaction value has not been disclosed.
The acquisition will integrate Chouest’s businesses in offshore-support vessels, subsea operations, shipbuilding, specialized engineering and marine technology with Horizon’s offshore energy-related operations in Canada.
Following the integration, Horizon is expected to operate across all three of Canada’s major coastal regions, the east coast, west coast and Arctic, enabling it to provide customers with broader marine transportation, subsea and offshore services.
Horizon Maritime’s current management team will remain in place, with CEO Steve Widmeyer continuing in the role. Co-founder Sean Leet will also join the board.