Chouest Group acquires Canadian marine services firm Horizon Maritime
Cut Off, La.-based Chouest Group has acquired Horizon Maritime, a St. John's offshore and Arctic marine services company, from CFFI and lender HPS.
The Chouest Group, based in Cut Off, Louisiana, has acquired Horizon Maritime, a Canadian marine services company headquartered in St. John's, Newfoundland and Labrador. Financial terms were not disclosed. The companies said Horizon was acquired from CFFI and lender HPS.
Horizon will keep its existing management team and name. CEO Steve Widmeyer will remain in his role, and Widmeyer and co-founder Sean Leet will join the company's board. The deal expands Chouest's Canadian presence, including operations on the East and West coasts and in the Arctic.
Chouest said the combination will pair Horizon's Canadian operating base and customer relationships with its vessel fleet, subsea, engineering and technology businesses. Horizon works in offshore energy, Arctic and other marine markets and has partnerships with Indigenous communities in Canada.
Deal facts
- Target
- Horizon Maritime
- Business
- Canadian harsh-environment marine and offshore services company with operations on all three Canadian coastlines and in the Arctic
- Buyer
- Chouest Group
- Seller
- CFFI
- Deal type
- Exit
- Headquarters
- St. John's, Canada
- Status
- Completed
- Announced
- Sunday, October 25, 2026
Sources
- workboat.comOct 26, 2026
- marinelink.comOct 25, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.