Chouest Group Acquires Canada’s Horizon Maritime in Major Expansion

The Louisiana-based Chouest Group has acquired Canadian marine and offshore services provider Horizon Maritime, expanding its presence across Canada’s East and West coasts and into the Arctic.

The deal, announced Monday, brings together Chouest’s global offshore support fleet, subsea capabilities, shipbuilding operations and marine technology businesses with Horizon Maritime’s established Canadian operations and expertise in harsh-environment offshore services.

Horizon Maritime, based in St. John’s, Newfoundland and Labrador, was acquired from CFFI and its lender, HPS, through a strategic partnership with the company’s founders. Financial terms were not disclosed.

The acquisition gives Chouest a stronger foothold in Canada’s offshore energy, Arctic and marine sectors, while providing Horizon access to a much larger fleet and range of specialized services.

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