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)

5,500

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

President, Chief Executive Officer & Director

Vice President, General Counsel & Corporate Secretary

Vice President, Chief Accounting Officer & Controller

Vice President & Chief Human Resources Officer

Vice President, Principal Accounting Officer & Controller

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

Vice President, Corporate Taxation

Vice President & Chief Information Officer

General Manager

Assistant General Counsel

Board of Directors

Consultant at Mensura Capital LLC

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

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

Chairman & Chief Executive Officer at Global Marine Holdings LLC

Director-New Jersey Chapter at World Presidents' Organization

Former Chairman at LIS Energy Services LLC

Chief Restructuring Officer at Vantage Drilling Co.

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Tidewater, Inc.
Owners & Shareholders
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Third Avenue Management is a value manager that employs a disciplined fundamental, bottom-up approach to identify investments with the objective of delivering superior absolute returns with limited investment risk over the long-term. The firm's investment approach focuses on the strength of a company's balance sheet and the discounted price of its securities. Their research approach is opportunistic and is not constrained by market-cap, industry, sector, or geographic location. The firm's value-oriented investment strategies are available through mutual funds, separate accounts and alternative investments. Third Avenue often engages in shareholder activism.Third Avenue's investment strategy is to invest in safe companies that are priced substantially below a conservative estimate of the business value as a private entity or takeover candidate. The firm looks for companies with high-quality assets with conservative and appropriate leverage. Companies should have an understandable business model with meaningful financial information readily available. Third Avenue also looks for companies with the potential for attractive growth in the value of their net assets over the next 5 years.

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AMG's investment process begins with business line inputs regarding the individual insurance businesses and projected cash flows. For research and credit analysis that ensures thorough examination of all materially relevant factors, the firm uses a multi-factor approach. The Sovereign team and AMG Global Economics Group provide top-down analyses of macro- and industry-sector trends that anchor and complement the bottom-up credit research conducted by corporate analysts. Working with the portfolio managers and traders, the analysts determine whether the investment opportunities will provide a sufficient return given the risk profile, the relative value versus other available investment securities, the structure, relevant covenants, and protections. AMG's analysts conduct top-down and bottom-up fundamental research based on a thorough understanding of issuers and sectors. They work closely with traders, who provide market technical information including liquidity, trading flows, and pricing. These two functions are in turn linked with portfolio managers, who are charged with portfolio construction, positioning and relative value determinations, to make the buy/sell decisions.

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Robotti & Co. Advisors LLC, a subsidiary of Robotti & Co., Inc., is an American company located in New York, NY, that provides investment advice. It 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

Insider Transactions
Details Hidden
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

Senior Vice President at Tidewater Corporate Services LLC

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 Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded in 1933 and is headquartered in Dhahran, Saudi Arabia.

BP Plc operates as an integrated oil and gas company. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. The firm also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. The company was founded by William Knox D'Arcy in 1908 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2018
Market Capitalization
$617M
Total Enterprise Value
$551M
Earnings Per Share
$-6.45
Revenue
$407M
EBITDAMargin
7.15%
Enterprise Value Sales
1.36x
Enterprise Value EBITDAOperating
18.95x
TEVNet Income
-3.21x
Debt TEV
0.8x
EBITDA
$29.1M
Total Debt
$439M
Net Profit
$-172M
Total Equity
$1.14B
Three Year Compounded Annual Growth Rate Of Revenue
-35.22%
Five Year Compounded Annual Growth Rate Of Revenue
-20.05%
Political Donations
$5,000
2004
$5,000
2003
$500
2001
Suppliers
Vard Holdings Ltd. Trucks, Construction & Farm Machinery | Singapore, SE

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.

Twin Disc, Inc. Trucks, Construction & Farm Machinery | RACINE, WI

For 87 years Twin Disc has been developing, engineering, manufacturing and distributing power transmission products that make things work. They are seldom seen, but they go into machines that contribute to the standard of our lives. Twin Disc products are installed in the drivelines and powertrains of farm tractors, road pavers, cranes, mining trucks, oil rigs, logging equipment, firefighting and rescue vehicles, pleasure craft, fishing and work boats, pumps, turbines - you name it. They manage and control the horsepower generated by internal combustion engines and electric motors. They help feed us, provide natural resources, build our cities and homes, transport us, defend us and influence our lives daily in many unnoticed but critical ways. Where there's an industrial strength vehicle or machine that requires converting horsepower to productivity, Twin Disc has a way to do it. So, in a very real sense, Twin Disc has helped put the world to work, for nearly a century

Fincantieri SpA Other Transportation | Trieste, TS

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. Other Manufacturing

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.

SEACOR Holdings, Inc. Marine Shipping - Fort Lauderdale, Florida

SEACOR Holdings Inc. (SEACOR) is a diversified, multinational company that owns and operates marine assets primarily servicing the oil and gas, and marine transportation industries. SEACOR also owns and operates bulk commodity barges along the U.S. Inland River Waterways; specializes in the purchase, storage, transportation, and sale of agricultural and energy commodities; and provides emergency preparedness and crisis services to governments and industry.

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