Helix and Hornbeck agree to merge in all-stock offshore services deal
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Helix and Hornbeck to Combine to Create a Premier Integrated Offshore Services Company
April 23, 2026 6:16 AM EDTTransaction Brings Together Two Industry Leaders with Complementary Businesses and Geographic Presence, Providing Deepwater Life-of-Field Services
Forms Diversified and Expanded High Specification Fleet, Furthering Deep Technical Expertise
Portfolio will Provide Innovative and Integrated Solutions across Deepwater Energy, Defense and Renewables Industries, Offering Additional Runway for Growth
Well-Positioned for Future Growth and Sustained Shareholder Value Creation Supported by Increased Scale, Balance Sheet Strength and Robust Free Cash Flow Generation
Expected to Generate $75 Million or More in Annual Revenue and Cost... More
