We acted as the exclusive financial advisor to Superior Energy Services LLC in its sale of 18 liftboats to SEACOR Marine LLC. The value of the transaction was $134 million plus working capital. At the time of the transaction, all liftboats were located in the Gulf of Mexico adjacent to the United States.
Superior Energy Services, Inc. serves the drilling, completion and production-related needs of oil and gas companies worldwide. The company provides brand-name rental tools and integrated completion and well-intervention services and tools, supported by an engineering staff who plan and design solutions for customers.
U.S.-based SEACOR Marine, a subsidiary of SEACOR Holdings Inc., operates a diversified fleet of modern and efficient vessels, servicing the offshore oil and gas exploration, development, and production industry worldwide.
Note: This work was performed prior to joining Stout.