Saltchuk Resources, Inc. to acquire Overseas Shipholding Group, Inc. for approximately $950 million
Acquiring Company
Saltchuk
Acquired Company
Overseas Shipholding Group, Inc.
SeattleTampaEnergyOil And GasTransportationLogisticsTransportationDescription
Saltchuk Resources, Inc., a family of diversified freight transportation, marine service, and energy distribution companies, has entered into a definitive merger agreement to acquire Overseas Shipholding Group, Inc. (OSG) for a total transaction value of $950 million. The acquisition demonstrates Saltchuk’s commitment to multi-generational investments and operational safety, while providing OSG with the opportunity to join a family of companies with shared values and customer focus.
Quick answer
Saltchuk is acquiring Overseas Shipholding Group, Inc. for $950 million, announced May 20, 2024. Saltchuk is based in Seattle, Washington, United States.
- Who acquired Overseas Shipholding Group, Inc?
- Saltchuk agreed to acquire Overseas Shipholding Group, Inc. on May 20, 2024.
- How much did Saltchuk pay for Overseas Shipholding Group, Inc?
- The reported deal value is $950 million.
- What does Saltchuk do?
- Saltchuk Resources, Inc. is a privately owned family of diversified freight transportation, marine service, and energy distribution companies.
- Where are Saltchuk and Overseas Shipholding Group, Inc. based?
- Saltchuk is based in Seattle, Washington, United States. Overseas Shipholding Group, Inc. is based in Tampa, Florida, United States.
- Who are the decision-makers at Saltchuk?
- Fundz holds 2 contacts at Saltchuk. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Overseas Shipholding Group, Inc.?
Overseas Shipholding Group, Inc. was acquired by Saltchuk, based in Seattle. The deal was reported on May 20, 2024. Saltchuk Resources, Inc. is a privately owned family of diversified freight transportation, marine service, and energy distribution companies. Saltchuk is privately held and operates in Energy.
When did Saltchuk acquire Overseas Shipholding Group, Inc.?
Saltchuk's acquisition of Overseas Shipholding Group, Inc. was reported on May 20, 2024. Saltchuk Resources, Inc., a family of diversified freight transportation, marine service, and energy distribution companies, has entered into a definitive merger agreement to acquire Overseas Shipholding Group, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Overseas Shipholding Group, Inc. do?
Overseas Shipholding Group, Inc. (OSG) is a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products, primarily in the U.S. Flag markets. It is privately held, operating in Transportation, and is based in Tampa.
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