CMB to acquire CTV operator Windcat Workboats from SEACOR Marine
Windcat CTV [Image: CMB] Antwerp-headquartered Compagnie Maritime Belge (CMB) has reached an agreement to acquire Lowestoft, U.K., headquartered Windcat Workboats Holdings Limited and its crew transfer vessels from SEACOR Marine Holdings Inc. (NYSE: SMHI). The deal will see CMB pay SEACOR Marine GBP 32.8 million in cash (about US$44.6 million) and assume all of the approximately GBP 20.4 million (about $27.8 million) of debt outstanding under Windcat’s existing revolving credit facility. The transaction is expected to close on or prior to January 12, 2021. Windcat owns and operates, directl...