Phelps Advises The Chouest Group in Strategic Partnership with Horizon Maritime Services

Phelps advised The Chouest Group, a privately held, family-owned company with a global presence across energy services, specialized engineering, shipbuilding, subsea services and advanced technology manufacturing, in its strategic partnership with Horizon Maritime Services. The strategic partnership includes the acquisition of Horizon Maritime, a leading Canadian-based provider of harsh-environment marine and offshore services, from CFFI and its lender HPS.

The transaction marks a significant expansion of Horizon Maritime's capabilities and increases the Chouest Group's global presence with coverage across the Canadian marine sector. Horizon Maritime will continue to operate with its existing management team and leadership structure, ensuring seamless continuity for clients, ongoing projects, crewing activities and operational commitments. 

More information about the partnership can be found in the company’s press release.

The Phelps transaction team was led by business lawyers Lee Adler, William Bishop and Bo Marcus.