SEACOR Holdings stated Monday it had agreed to promote its U.S. harbor towing operations and property from its Seabulk subsidiary to 2 events, E.N. Bisso & Son, Inc. and Bay-Houston Towing Co.
The E.N. Bisso transaction consists of 12 harbor towing vessels throughout ports in Florida and Alabama. Bay-Houston is buying eight vessels working in Texas alongside the Sabine Neches Navigation District and within the Port of Lake Charles, La.
“E.N. Bisso and Bay-Houston are two industry-leading harbor towing suppliers supported by many many years of secure and dependable operations,” stated Eric Fabrikant, Chief Executive Officer of SEACOR Holdings. “They not only offer our people and assets long-term homes, but also ensure the continuation of high-quality service for our customers.”
“Acquiring an industry-leading platform in these markets is exciting for E.N. Bisso and enables us to enhance our services in Florida and expand into Alabama,” stated Matt Holzhalb, President and Chief Executive Officer at E.N. Bisso. “Not only are we growing our fleet with the addition of new, differentiated assets like the innovative Advanced Rotor Tug, but we are thrilled to welcome such high-caliber team members to the E.N. Bisso family.”
“This acquisition expands Bay-Houston’s ability to service our customers across more Texas and Louisiana ports,” stated Philip Kuebler, President and Chief Executive Officer at Bay-Houston. “We look forward to providing both existing and new customers with a smooth transition and serving as a valuable partner for years to come.”
Seabulk will proceed to personal and function a fleet of tugs and barges in assist of its Caribbean terminal and bunkering operations, together with the KSM three way partnership with accomplice KOTUG International B.V.
The transaction is anticipated to shut in late 2023, topic to regulatory approval and customary closing circumstances.