Seacor Smit To Acquire Boston Putford

Thursday, February 10, 2000
Seacor Smit has signed a letter of intent to acquire all of the issued share capital of Putford Enterprises Ltd. and associated companies. Boston Putford’s standby safety vessels (SBSV), certain joint venture interest and vessels, and fixed assets will be acquired for approximately $30 million. The company’s SBSV fleet, including vessels held in joint ventures but excluding vessels managed for third parties, consists approximately of 18 vessels operating primarily in the southern U.K. sector of the North Seas. “Boston Putford is the market leader in the SBSV market in the southern North Sea with safety and multi-role vessels working for most of the field operators,” said Charles Fabrikant, Seacor’s Chairman and CEO.

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