US owner Otto Candies has expanded its fleet with the acquisition of four multipurpose support vessels (MPSVs) from Harvey Gulf International Marine, marking one of the largest offshore support transactions in the US Gulf in recent years.
The deal includes the Harvey Blue-Sea, Harvey Sub-Sea, Harvey Deep-Sea, and Harvey Intervention, all built between 2012 and 2017. The four subsea-capable vessels are joining the Louisiana-based company’s fleet in a transaction reportedly worth just under $500m.
The acquisition bolsters Otto Candies’ subsea and construction support capabilities, adding to its 16-strong fleet that already spans inspection, maintenance, and repair (IMR), supply, service operation, dive support, and barge segments.
Founded in 1942, Otto Candies remains one of the few family-owned offshore and marine services companies in the Gulf of Mexico, providing transport, subsea support, and logistics to offshore energy operators.
“This acquisition represents a meaningful step forward in the continued growth of Otto Candies and our commitment to supporting the evolving needs of the offshore energy industry,” the company said in a statement.
Meanwhile, New Orleans-based Harvey Gulf, which counts more than 20 PSVs in its fleet, said it will now focus on developing and operating a new generation of LNG- and battery-powered offshore supply vessels, a segment where it has been a pioneer in the US market.
“Harvey Gulf looks forward to turning our focus toward developing and operating the newest and best offshore supply vessels working the oil and gas industry,” Shane Guidry, CEO and chairman said.
