SEACOR Holdings, based in
Fort Lauderdale, Florida
Fort Lauderdale ( ) is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and most populous city in Broward County, Florida, Broward County with a population of 182,760 at the ...
, provides equipment and services to the offshore
petroleum industry
The petroleum industry, also known as the oil industry, includes the global processes of hydrocarbon exploration, exploration, extraction of petroleum, extraction, oil refinery, refining, Petroleum transport, transportation (often by oil tankers ...
and the marine transportation industry. An American corporation, the company holds a 70% ownership stake in a bioethanol plant located in Illinois.
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.
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.
History
SEACOR was founded on 7 November 1989 by Charles Fabrikant. In December of the same year, Fabrikant and a consortium of investors acquired NICOR Marine, the marine unit of
Nicor Gas, and subsequently rebranded it as SEACOR.
In 1992, the company presented its
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
, 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.
In 2005, Seacor acquired Seabulk International Inc.,
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.
In January 2013, the company sold its energy trading division to
Par Pacific Holdings. Also in 2013, the helicopter business was spun off as Era Group.
In 2017, the company acquired International Shipholding Corporation, including
Waterman Steamship Corporation.
In 2018, the company acquired full ownership of CLEANCOR Energy Solutions LLC, while the company divested its stake in the aviation company Hawker Pacific.
In April 2021,
American Industrial Partners
American Industrial Partners is an American private equity partnership. It invests in industrial businesses in the United States and Canada. It was founded in 1988 by Theodore Rogers and Richard Bingham. It has offices in New York City; the man ...
, a
private equity firm
A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...
, acquired the company at a value of US$1 billion.
Mergers & Acquisitions
See also
*
CG Railway
References
External links
{{Authority control
1989 establishments in Florida
1992 initial public offerings
Companies formerly listed on the New York Stock Exchange
Companies based in Fort Lauderdale, Florida
Transportation companies of the United States
Oilfield services companies
Transportation companies based in Florida