New York-listed Helix Energy Solutions Group and offshore services provider Hornbeck Offshore Services have completed the previously announced combination in an all-stock transaction, establishing a large offshore services company.
The combined company has assumed the Hornbeck Offshore Services name and will begin trading on the New York Stock Exchange on September 2, 2026.
Helix’s common stock will cease trading on the New York Stock Exchange at the close of trading on September 1, 2026.
Todd M. Hornbeck has assumed the role of president, chief executive officer and director of the combined company, and William L. Transier has assumed the role of chairman of the combined company’s board of directors.
“Today marks the beginning of an exciting new chapter for our company, our employees, our customers and our shareholders,” said Todd M. Hornbeck, president and chief executive officer of Hornbeck Offshore Services. “By bringing together Hornbeck’s industry-leading marine expertise with Helix’s differentiated robotics, well intervention and subsea capabilities, we have created a global offshore services leader, providing innovative and integrated solutions to our customers across the deepwater oilfield, defense and renewables industries.”
“The closing of this transaction represents the successful culmination of a shared vision to create a market-leading offshore services company with unique capabilities and strategic flexibility,” said William L. Transier, chairman of the board of Hornbeck Offshore Services. “The merger brings together two highly complementary organizations with strong cultures, exceptional people and deep customer relationships. On behalf of the board, I am grateful to our shareholders for their support and confidence. We believe this merger positions the company to generate sustainable growth and to create significant value for all stakeholders.”
Hornbeck Offshore Services is a global offshore services specialist, providing marine and subsea solutions to customers across the deepwater oilfield, defense and renewables industries.
