Tidewater, Inc.

Tidewater, Inc.

Tidewater, Inc.

Overview
Date Founded

1956

Headquarters

601 Poydras Street, Suite 1500, New Orleans, LA, 70130, USA

Type of Company

Public

Employees (Worldwide)

5,300

Industries

Marine Shipping
Oil & Gas

Company Description

Tidewater created the “work boat” industry with its 1956 launch of the Ebb Tide, the world’s first offshore vessel tailor-made to support the offshore oil and gas industry. Today, with a fleet of more than 350 vessels, we’re the oldest, largest and most experienced provider of the marine support services for this vital industry. Tidewater has a global footprint, with over 90% of its fleet working internationally in more than 60 countries. Around the world, we stand ready to transport crews and supplies, tow and anchor mobile rigs, assist in offshore construction projects and perform a variety of specialized marine support services

Contact Data
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Executives & Employees

Director, President, Chief Executive Officer & Chief Financial Officer

Vice President, General Counsel & Corporate Secretary

Vice President, Chief Accounting Officer & Controller

Vice President & Chief Human Resources Officer

Senior Vice President, Tidewater Corporate Services, L.L.C.

Vice President, Corporate Taxation

Vice President & Chief Information Officer

General Manager

Assistant General Counsel

Director

Board of Directors

Advisor & Consultant at Slc Capital Partners LP

Director, President, Chief Executive Officer & Chief Financial Officer at Tidewater, Inc.

President & Chief Executive Officer at International Seaways, Inc.

Former Chief Financial Officer & Senior Vice President at Grant Prideco, Inc.

President, Chief Executive Officer & Director at Ranger Energy Services, Inc.

Director-New Jersey Chapter at World Presidents' Organization

Former Treasurer at SEACOR Holdings, Inc.

Former Chairman at LIS Energy Services LLC

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Tidewater, Inc.
Owners & Shareholders
Details Hidden

Moerus Capital Management generally aims to achieve long-term capital appreciation by investing with a preference for well-capitalized companies that are trading at large discounts to its conservative estimate of intrinsic value. The firm’s portfolio is unconstrained by geographic, industry, or index-related considerations. These investments will be identified and selected by applying a fundamental, opportunistic, and bottom-up value investing methodology.

Details Hidden

TAM seeks capital appreciation through long-term value investing. They invest in common stocks of well financed companies, meaning companies with high quality assets and conservative levels of liabilities, at a discount to what they believe is their intrinsic value. TAM may engage in any investment strategy and make any investment that the firm considers appropriate, subject to each client's agreement with them or, for funds which they advise, the funds' offering documents. TAM uses fundamental analysis to identify securities for investment. They acquire information about such securities from various sources, including: inspections of corporate activities, research materials prepared by others, financial publications, corporate rating services, filings with the SEC, foreign regulatory filings, press releases and their network of corporate contacts.

Details Hidden

Part of Robotti & Co., Inc., Robotti & Co. Advisors LLC is an American company located in New York, NY, that provides investment advice. The firm was founded in 2003 by Robert Edward Robotti.

Recent Transactions
Details Hidden

Tidewater, Inc. purchases GulfMark Offshore Inc.

Details Hidden

Cari Investment Company, LEEVAC Shipyards Houma LLC purchase Quality Shipyards LLC from Tidewater, Inc.

Details Hidden

Tidewater, Inc. purchases Troms Offshore Supply AS from HitecVision Private Equity AS, HitecVision AS

Transaction Advisors
Accountant

Advised onTidewater, Inc. purchases Oil Ltd from Exel Plc

Legal Advisor

Advised onTidewater, Inc. purchases GulfMark Offshore Inc.

Investment Advisor

Advised onTidewater, Inc. purchases GulfMark Offshore Inc.

Legal Advisor

Advised onTidewater, Inc. purchases GulfMark Offshore Inc.

Associate

Advised onTidewater, Inc. purchases GulfMark Offshore Inc.

Associate

Advised onTidewater, Inc. purchases GulfMark Offshore Inc.

Advisors & Consultants
Advisor

Professional at Tidewater Marine LLC

Advisor

Vice Chairman at Offshore Energy Center

Advisor

Chief Financial Officer at Expro Americas LLC

Clients

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Saudi Arabian Oil Co. engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Key Stats and Financials As of 2019
Market Capitalization
$467M
Total Enterprise Value
$808M
Earnings Per Share
$-3.71
Revenue
$487M
EBITDAMargin
11.85%
Enterprise Value / Sales
1.66x
Enterprise Value EBITDAOperating
13.93x
TEVNet Income
-5.7x
Debt TEV
0.36x
Net Profit
$-142M
Total Equity
$1.02B
Total Debt
$294M
EBITDA
$57.7M
Three Year Compounded Annual Growth Rate Of Revenue
-20.79%
Non-Profit Donations & Grants
Political Donations
$5,000
2004
$5,000
2003
$500
2001
Suppliers
Vard Holdings Ltd. Trucks, Construction & Farm Machinery | Singapore, Singapore

Vard Holdings Ltd. is an investment company, which engages in the provision of design and shipbuilding of offshore and specialized vessels. It operates through the following geographical segments: Norway, Romania, Singapore, Vietnam, Brazil, Canada, USA, Italy, and Other Countries. It also offers ship repair and conversion, accommodation, piping systems and installations, trading, electrical products and services, SeaQ control solutions, and Vard Academy. The company was founded on June 11, 2010 and is headquartered in Singapore.

Fincantieri SpA Other Transportation | Trieste, Italy

Fincantieri SpA engages in the design and construction of cruise ships, military ships, auxiliary and special submarines, and offshore support vessels. It operates through the following business segments: Shipbuilding; Offshore; and Equipment, Systems, and Services. The Shipbuilding segment involves in the production, repair, and conversion of cruise ships, ferries, naval vessels, and mega-yachts. The Offshore segment provides the design and construction of support vessels for the oil and gas exploration and production market, as well as the services and production of electronic systems, power and automation solutions, pipe systems, electrical installations, and accommodation for such support vessels. The Equipment, Systems and Services segment engages in the manufacture of mechanical products and the provision of after-sales services for the delivered ships. The company was founded on December 29, 1959 and is headquartered in Trieste, Italy.

Competitors
Swire Pacific Ltd. Beverages - Hong Kong

Swire Pacific Limited is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company's operations are predominantly based in the Greater China region, where the Swire group has been established for over 140 years. Swire Pacific seeks to foster long-term, sustainable growth through active participation in management, underpinned by a strong financial base.

Seacor Marine Holdings, Inc. Marine Shipping - Houston, TX

Seacor Marine Holdings, Inc. engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. The company involves in the operation of support and specialty vessels for and among independent oil, gas exploration, production, and emerging independent companies. It operates through the following segments: Time Charter, Bareboat Charter, and Other. The Time Charter segment offers vessels to customers based upon daily rates of hire. The Bareboat Charter segment is the support of vessels among customers where the customer assumes responsibility for all operating expenses and all risk of operation. The company was founded on December 15, 2014 and is headquartered in Houma, LA.

DP World Ltd. Other Transportation - Dubai, United Arab Emirates

DP World operates over 60 terminals across six continents(1), with container handling generating around 80% of its revenue. In addition, the company currently has 11 new developments and major expansions underway in 9 countries. DP World aims to enhance customers’ supply chain efficiency by effectively managing container, bulk and other terminal cargo. Its dedicated, experienced and professional team of more than 30,000 people serves customers in some of the most dynamic economies in the world. The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them. In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted “Best Seaport in the Middle East” for 18 consecutive years. In 2012, DP World handled more than 56 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key markets, including India, Africa, Europe and the Middle East, capacity is expected to rise to around 103 million TEU by 2020, in line with market demand

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