Harvey Gulf swoops on Abdon Callais Offshore

SEPTEMBER 12, 2013 — Harvey Gulf International Marine, LLC, New Orleans, and Abdon Callais Offshore, LLC (ACO), Golden Meadow, LA, have executed a definitive agreement that will Harvey Gulf is to purchase substantially all of ACO’s assets and business.

Recent additions to the ACO fleet include the 220 ft, DP2 OSV Abdon Callais delivered last year by Master Boats, Bayou La Batre, AL

The purchase includes 48 offshore supply vessels, of which four are currently under construction.

With its roots in the Callais family tracing back to 1945 and under the later leadership of Harold J. Callais followed by his sons, ACO has long been recognized in the industry as a high quality marine transportation company providing multiple sized, technologically advanced OSVs and related services to oil and gas exploration and production companies and service providers primarily working in the U.S. Gulf of Mexico market.

ACO has one of the youngest and largest fleets operating in the U.S. Gulf of Mexico with a focus on providing a wide variety of cargo and personnel transportation services to both shallow water and deepwater locations. Of ACO’s 48 vessel fleet, 92% is dynamically positioned (DP1 or DP2) and 58% is of 205 feet in length and longer.

This acquisition expands Harvey Gulf’s vessel classes and allows Harvey Gulf to broaden its service offering to customers in the U.S. Gulf of Mexico. The transaction is expected to close in fourth quarter 2013.

Mayer Brown LLP has served as legal advisor to Harvey Gulf in connection with the transaction.

Raymond James & Associates, Inc. has served as financial advisor, and Baldwin Haspel Burke and Mayer, LLC has served as legal advisor, to ACO in connection with the transaction.

Recent additions to the ACO fleet include the 220 ft, DP2 OSV Abdon Callais delivered last year by Master Boats, Bayou La Batre, AL