8 Mar 2014 More

Teekay Offshore to Acquire ALP Maritime Services

posted by Brown Books @ 12:20 0 Comments Links to this post

Teekay Offshore announces that it has made an agreement to purchase ALP Maritime Services.  The sale is expected to close in the first quarter of 2014 and has been approved already by the board of directors of both companies.

"We are excited to bring the next generation of versatile, ultra-powerful offshore vessels to the world-wide long distance towage market," says Paul Mulder, Chief Executive Officer of ALP. "As part of the Teekay family, ALP will be better positioned for the future growth we anticipate in our core towage and installation business and to develop new tailor-made service offerings that provide value for our customers."

by Philip Loyd, Brown Editor

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