Overview
- Helix Energy Solutions and Hornbeck Offshore Services signed a definitive all-stock merger agreement to combine into a single offshore services company.
- The combined business will operate under the Hornbeck Offshore Services name and list on the New York Stock Exchange with the ticker HOS.
- Hornbeck shareholders will own about 55% and Helix shareholders about 45%, with Todd M. Hornbeck as CEO, William L. Transier as chairman, and a seven‑member board drawn from both firms.
- The merged company will link Helix’s well intervention and subsea robotics with Hornbeck’s high-spec offshore support vessels to offer end-to-end services for deepwater oil and gas, defense, and renewables projects.
- The companies expect to close in the second half of 2026, subject to Helix shareholder and regulatory approvals, using a fixed exchange ratio of 10.27167 Helix shares for each Hornbeck share.