New Orleans-based Sazerac and Covington-based Hornbeck Offshore Companies every not too long ago introduced main transactions, increasing their attain nationally and globally.

Sazerac invests in 2 celebrity-backed alcohol manufacturers

Sazerac has made two investments in celebrity-backed alcohol manufacturers, with each offers together with unique U.S. distribution rights.

On April 28, Sazerac introduced a monetary funding in 818 Tequila, the tequila model based by actuality TV persona and mannequin Kendall Jenner, together with an unique U.S. gross sales and distribution settlement. Phrases weren’t disclosed. 818 Tequila is made in Jalisco, Mexico, at a family-owned distillery. The model has gained over 50 blind-tasting awards throughout 15 spirits competitions and has posted double-digit development within the U.S. since 2023, even because the broader tequila market has stayed comparatively flat.

The deal expands Sazerac’s tequila lineup, which beforehand included Margaritaville, Peligroso, and Corazón. Tequila is the second-largest spirits class by income within the U.S., producing $6.4 billion in complete gross sales together with mezcal, in accordance with the Distilled Spirits Council of the USA.

Sara Saunders, Sazerac’s chief advertising officer, mentioned: “Tequila continues to be a brilliant spot in spirits, pushed by sturdy client curiosity throughout a rising vary of events and worth factors. 818 Tequila stands aside as a result of its cultural relevance and business momentum.” Lanay Jacobs, president of 818 Tequila, mentioned Sazerac “brings the size, capabilities, and attain to assist speed up our subsequent section of development.”

Shortly after, Sazerac introduced an fairness funding and distribution take care of SIPMARGS, a ready-to-drink glowing margarita model backed by social media persona Alix Earle and Palm Tree Crew, an funding agency co-founded by DJ and producer Kygo. SIPMARGS makes glowing margaritas with tequila blanco from Jalisco, actual fruit juice, cane sugar, and glowing water.

Sazerac, a family-owned firm managed by the Goldring household with over 400 years of historical past, holds a portfolio of greater than 550 manufacturers and has acquired roughly 60 manufacturers over the previous decade.

Hornbeck Offshore and Helix Vitality Options Announce All-Inventory Merger

Covington-based Hornbeck Offshore Companies and Houston-based Helix Vitality Options Group have agreed to merge in an all-stock deal to kind a brand new built-in offshore companies firm. Hornbeck shareholders will personal about 55% of the mixed firm, whereas Helix shareholders will maintain round 45%.

Beneath the deal, Hornbeck stockholders will obtain a set alternate ratio of 10.27167 shares of Helix widespread inventory for every share of Hornbeck inventory they personal. Each firm boards have authorized the transaction.

In a joint assertion, the businesses mentioned the mix “will create a acknowledged chief in offshore operations by way of a diversified and expanded high-specification fleet of specialty vessels, supported by subsea robotics, nicely intervention and technical service capabilities, together with trenching subsea pipelines and cables.” Hornbeck Offshore mentioned the deal creates an organization “well-placed for future development and sustained shareholder worth creation, supported by elevated scale, stability sheet energy and sturdy free money move era.”

Todd Hornbeck, chairman, president, and chief government of Hornbeck, mentioned the deal “will unlock significant strategic and operational advantages that improve our capacity to serve clients worldwide and drive important shareholder worth creation.” He added that “the mixed firm can be a growth-oriented firm pushed by the need to supply progressive, high-quality, value-added enterprise options with an emphasis on security and an entrepreneurial tradition.”

The transaction is predicted to generate $75 million or extra in annual income and value synergies inside three years of closing and is predicted to shut within the second half of 2026, topic to shareholder and regulatory approvals. Todd M. Hornbeck will function president and chief government of the mixed firm, and the board will embody seven administrators — 4 from Hornbeck and three from Helix. The corporate can be headquartered in each Covington, Louisiana and Houston, Texas, and can commerce on the New York Inventory Alternate underneath the ticker HOS.

Helix Sells Shallow-Water Unit to Chouest Group‘s C-Dive

Alongside the merger announcement, Helix bought its Gulf of America shallow-water abandonment enterprise to Houma-based C-Dive LLC, a part of the Chouest Group, for $107.5 million in money. The sale formally closed Might 1.

The divested unit offered companies together with business diving, heavy carry, offshore decommissioning, and challenge administration for purchasers on the Gulf of America shelf. C-Dive’s guardian, the Chouest Group, operates globally throughout vitality companies, specialised engineering, shipbuilding, subsea companies, and superior know-how manufacturing.

G.F. Homosexual Le Breton is managing director for Chaffe & Associates Inc., working within the company finance actions of the agency. Mitch Murray is a company finance analyst with the agency. Funding banking companies are offered by Chaffe Securities Inc., member FINRA/SIPC. For extra data, go to http://chaffe-associates.com.