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AcquisitionApr 23, 2026Completed
🇺🇸 United States

Hornbeck Offshore Services, Inc.Helix Energy Solutions Group, Inc.

Energy › Oilfield Services

Deal valueUndisclosed
View SEC filing Save
AnnouncedApr 23, 2026
ConsiderationStock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo

Overview

Helix and Hornbeck entered into an agreement to combine in an all-stock merger, with Hornbeck stockholders receiving 10.27167 Helix shares per Hornbeck share. Hornbeck holders would own about 55% and Helix holders about 45% of the combined company, which would operate as Hornbeck Offshore Services.

Deal rationale

The combination creates an integrated deepwater offshore services company with complementary assets and geographic presence, expected to generate $75 million or more in annual revenue and cost synergies.

AI-generated from the SEC filing
CompletedEnergy › Oilfield ServicesUnited StatesNorth America

Timeline

  1. AnnouncedApr 23, 2026

    Imported from prototype record 250, unverified

    Filing
  2. Regulatory clearanceJun 11, 2026

    HSR waiting period expired or ended.

    Filing
  3. Shareholder vote · ApprovedAug 31, 2026

    Target shareholders approved the deal.

    Filing
  4. ClosedSep 1, 2026

    Closing reported in Form 8-K filed 2026-09-01.

    Filing

Valuation and terms

Equity valueUndisclosed
Enterprise valueUndisclosed
ConsiderationStock

Advisors

Buy-side
GSGoldman Sachs
Sell-side
BBarclaysJPJ.P. MorganPSPiper Sandler

Parties

Target
Hornbeck Offshore Services, Inc.
Headquarters
United States
Ticker
—
EDGAR company page
Acquirer
Helix Energy Solutions Group, Inc.
Headquarters
United States
Ticker
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