SEACOR Holdings
{{Short description|U.S. marine services company}}
{{Expand German|SEACOR Holdings|date=October 2016}}
{{infobox company
| logo = SEACOR Holdings logo.svg
| type = Privately held company
| industry = Petroleum industry
| founded = {{Start date and age|1989}}
| founder = Charles Fabrikant
| hq_location_city = Fort Lauderdale, Florida
| hq_location_country = United States
| owner = American Industrial Partners
| website = {{URL|https://www.seacorholdings.com/}}
}}
SEACOR Holdings, based in Fort Lauderdale, Florida, provides equipment and services to the offshore petroleum industry and the marine transportation industry.{{Cite web |title=About Us: SEACOR Holdings Inc. |url=https://seacorholdings.com/about-us/ |access-date=2024-05-16 |website=seacorholdings.com}} An American corporation, the company holds a 70% ownership stake in a bioethanol plant located in Illinois.{{Cite web |title=Illinois Corn Processing |url=https://www.seacorholdings.com/pages/illinois_corn_processing |website=www.seacorholdings.com |access-date=2024-05-16 |archive-date=2018-02-12 |archive-url=https://web.archive.org/web/20180212154125/http://www.seacorholdings.com/pages/illinois_corn_processing |url-status=dead }}
SEACOR is a longstanding family enterprise encompassing a broad spectrum of maritime activities within North America. Its portfolio spans sectors including Jones Act shipping, U.S. and international towing, inland tug and barge operations, military logistics, disaster response, Caribbean breakbulk services, and additional ventures facilitated through joint venture partnerships. Additionally, SEACOR has entered and exited sectors such as offshore drilling, OSV (Offshore Support Vessel) operations, helicopter services, spill response, and other related domains.{{Cite web |date=2020-12-07 |title=SEACOR Holdings Goes Private After 28 Years on the Big Board |url=https://maritime-executive.com/article/seacor-holdings-goes-private-after-28-years-on-the-big-board |access-date=2024-05-16 |website=The Maritime Executive |language=en}}{{Cite book |last=Resources |first=United States Congress House Committee on Natural |url=https://books.google.com/books?id=ju4RoOtaRgcC&dq=%C2%A0SEACOR+Holdings+inc&pg=PA233 |title=Outer Continental Shelf Oil and Gas Strategy and Implications of the Deepwater Horizon Rig Explosion: Parts 1 and 2 : Oversight Hearing Before the Committee on Natural Resources, U.S. House of Representatives, One Hundred Eleventh Congress, Second Session, Wednesday and Thursday, May 26 and 27, 2010 |date=2010 |publisher=U.S. Government Printing Office |isbn=978-0-16-086610-4 |pages=233 |language=en}}
Within its Offshore Marine Services division, Seacor provides towing and support services, including anchor handling tugs, on a global scale, primarily serving the oil industry. Its subsidiary, SCF Marine, operates in inland shipping within the United States, as well as along the Río Paraná and Río Magdalena in South America. In the Gulf of Mexico and the Caribbean, Seacor Ocean Transport conducts its operations.
Seacor Holdings collaborates with the railroad company Genesee and Wyoming in a 50:50 joint venture, operating the CG Railway. Since the year 2000, this railway has facilitated rail ferry services from Mobile, Alabama, to Coatzacoalcos, Mexico.{{Cite web |last=Biscan |first=Todd |date=2021-03-11 |title=CG Railway Launches New Rail Ferry |url=https://media.gwrr.com/press-releases/news-details/2021/CG-Railway-Launches-New-Rail-Ferry/default.aspx |access-date=2024-05-16 |website=Genesee & Wyoming Rail}}{{Cite web |last=Blenkey |first=Nick |date=2021-09-28 |title=New rail ferry completes first U.S.-Mexico round trip |url=https://www.marinelog.com/passenger/ferries/new-rail-ferry-completes-first-u-s-mexico-round-trip/ |access-date=2024-05-16 |website=Marine Log |language=en-US}}
History
SEACOR was founded on 7 November 1989 by Charles Fabrikant.{{Cite news | url=https://www.houmatoday.com/story/news/state/2021/04/16/seacor-powers-owner-among-offshore-service-firms-struggling-low-oil-prices-pandemic/7252067002/ | title=Seacor Power's owner among offshore service firms struggling with low oil prices, pandemic | first=Tony | last=McAuley | work=The Houma Courier | date=April 16, 2021}} In December of the same year, Fabrikant and a consortium of investors acquired NICOR Marine, the marine unit of Nicor Gas,{{Cite news | url=https://www.chicagotribune.com/news/ct-xpm-1990-01-28-9001080337-story.html | title=ABRUPT RESIGNATION BY NICOR PRESIDENT | first=Michael | last=Arndt | work=Chicago Tribune | date=January 28, 1990}} and subsequently rebranded it as SEACOR.
In 1992, the company presented its initial public offering, entering the New York Stock Exchange under the symbol CKOR. During the 1990s, Seacor participated in Chile's initiative to construct and operate offshore drilling platforms.
In 2002, Tex-Air, a provider of helicopter services for supplying oil and gas offshore platforms, was purchased. This was followed by the expansion of helicopter operations in 2004 through the acquisition of Era Aviation.{{Cite news |date=October 11, 2004 |title=Rowan to sell ERA subsidiary to SEACOR |url=https://www.bizjournals.com/houston/stories/2004/10/11/daily44.html |work=American City Business Journals}}{{Cite web |title=Our History :: SEACOR Holdings Inc. |url=https://seacorholdings.com/about-us/our-history#:~:text=SEACOR,%20co-founded%20by%20Charles,in%20the%20Gulf%20of%20Mexico.&text=SEACOR%20launches%20the%20National%20Response%20Corporation,%20an%20environmental%20emergency%20response%20business. |access-date=2024-05-16 |website=seacorholdings.com}} In 2005, Seacor acquired Seabulk International Inc.,{{Cite news | url=https://www.bizjournals.com/southflorida/stories/2005/03/14/daily45.html | title=Purchase: Seabulk to become part of Seacor | work=American City Business Journals | date=March 14, 2005}} which enabled the company to engage in the transportation of crude oil, including offshore and port towing services.
In March 2012, the company sold National Response Corporation and its affiliated businesses to J.F. Lehman & Company.{{Cite press release | url=https://www.prnewswire.com/news-releases/jf-lehman--company-completes-the-acquisition-of-national-response-corporation-from-seacor-holdings-inc-143384206.html | title=J.F. Lehman & Company Completes the Acquisition of National Response Corporation from SEACOR Holdings Inc. | publisher=PR Newswire | date=March 19, 2012}}
In January 2013, the company sold its energy trading division to Par Pacific Holdings.{{Cite press release | url=https://www.globenewswire.com/en/news-release/2013/01/02/1004092/0/en/SEACOR-Exits-Crude-Oil-Trading-With-Sale-of-SEACOR-Energy-Inc-to-Par-Petroleum-Corporation.html | title=SEACOR Exits Crude Oil Trading With Sale of SEACOR Energy Inc. to Par Petroleum Corporation | publisher=GlobeNewswire | date=January 2, 2013}} Also in 2013, the helicopter business was spun off as Era Group.
In 2017, the company acquired International Shipholding Corporation, including Waterman Steamship Corporation.{{Cite news | url=https://www.nola.com/news/business/article_fd481d56-7ea0-544c-abb0-feab897d32fc.html | title=International Shipholding emerges from bankruptcy as part of | work=The Times-Picayune/The New Orleans Advocate | date=June 2, 2017}}
In 2018, the company acquired full ownership of CLEANCOR Energy Solutions LLC,{{Cite press release | url=https://www.globenewswire.com/news-release/2018/05/31/1515221/0/en/SEACOR-Holdings-Inc-Announces-Purchase-of-Remaining-Interest-in-CLEANCOR-Energy-Solutions-LLC.html | title=SEACOR Holdings Inc. Announces Purchase of Remaining Interest in CLEANCOR Energy Solutions LLC | publisher=GlobeNewswire | date=May 31, 2018}} while the company divested its stake in the aviation company Hawker Pacific.
In April 2021, American Industrial Partners, a private equity firm, acquired the company at a value of US$1 billion.{{Cite press release | url=https://www.globenewswire.com/news-release/2021/04/16/2211338/0/en/SEACOR-HOLDINGS-INC-ANNOUNCES-COMPLETION-OF-TAKE-PRIVATE-TRANSACTION-WITH-AMERICAN-INDUSTRIAL-PARTNERS.html | title=SEACOR HOLDINGS INC. ANNOUNCES COMPLETION OF TAKE PRIVATE TRANSACTION WITH AMERICAN INDUSTRIAL PARTNERS | publisher=GlobeNewswire | date=April 15, 2021}}{{Cite news | url=https://www.bizjournals.com/southflorida/news/2021/04/20/seacor-holdings-becomes-private-company.html | title=American Industrial Partners completes acquisition of Seacor | work=American City Business Journals | date=April 20, 2021}}{{Cite web |date=2020-12-07 |title=Seacor Holdings to go private in $1 billion deal |url=https://www.workboat.com/coastal-inland-waterways/seacor-holdings-to-go-private-in-1-billion-deal |access-date=2024-05-16 |website=www.workboat.com |language=en}}
Mergers & Acquisitions
| class="wikitable" |
See also
References
{{Reflist}}
External links
{{Official website|https://www.seacorholdings.com/}}
{{Finance links historical
| name = SEACOR Holdings
| sec_cik = 859598
}}
{{Authority control}}
Category:1989 establishments in Florida
Category:1992 initial public offerings
Category:Companies formerly listed on the New York Stock Exchange
Category:Companies based in Fort Lauderdale, Florida
Category:Transportation companies of the United States