Chouest buys Canada's Horizon Maritime in Arctic fleet push
What's the deal? Edison Chouest OffshoreDealroom has a profile for this one. Try Dealroom → has acquired Horizon MaritimeDealroom has a profile for this one. Try Dealroom →, a Canadian offshore and marine services company, from CFFI and lender HPSDealroom has a profile for this one. Try Dealroom →. Financial terms were not disclosed. The deal, announced in October 2026, expands the Louisiana-based group's presence in Canada.
What each side brings: Chouest contributes a global offshore support fleet, subsea services, shipbuilding, engineering, and marine technology. Horizon, based in St. John's, Newfoundland and Labrador, specialises in harsh-environment operations across Canada's Atlantic, Pacific, and Arctic regions.
What changes? Horizon keeps its management and operating structure, with Steve Widmeyer staying on as chief executive officer. Widmeyer and co-founder Sean Leet will join the company's board.
What's the endgame? The partners said the combination will support expanded marine transportation, subsea, and specialised offshore services across Canada's three coastlines. Horizon also gains access to a larger international fleet, technical resources, and specialised equipment.
Why now? The deal continues a buying spree for Chouest, which this year acquired AllianceDealroom has a profile for this one. Try Dealroom → from Helix Energy Solutions, decommissioning firm Champagne Energy Solutions, and struck a defence vessel partnership with Anduril.
"Combining Chouest's global fleet expertise and technology with Horizon's local footprint across Canada's vast coastlines opens up incredible growth potential," said Dino Chouest of the Chouest Group.
The signal: The acquisition fits a wave of offshore-services consolidation — TidewaterDealroom has a profile for this one. Try Dealroom → agreed to buy Brazil's Wilson Sons Ultratug for about $500 million, and Bourbon has added 13 vessels worth more than $180 million since early 2026. Chouest's move stands out by bringing a Canadian, Arctic-capable operator into its portfolio.
Read more: marinelink.com
Image credit: Loozrboy
