Chouest Group Acquires Horizon Maritime Services
The Louisiana-based marine firm absorbs Horizon Maritime to expand its operational footprint across Canadian waters.
Updated on Oct. 26, 2026 in Business Strategy
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The Chouest Group has completed the acquisition of Horizon Maritime Services from CFFI and HPS. This deal integrates the two companies to enhance marine transportation and subsea service capabilities throughout Canada.
Why it matters
The partnership allows the Chouest Group to significantly increase its presence across Canada's three coastlines. By combining fleets, the firms aim to broaden their service offerings and support more complex dual-use maritime operations.
Financial terms of the acquisition were not disclosed by the parent companies CFFI and HPS. The agreement covers the transition of ownership while maintaining current management structures at the St. John's headquarters.
The players
The Chouest Group
An international maritime firm based in Louisiana that specializes in offshore support vessels and complex marine logistics.
Horizon Maritime Services
A Canadian marine services company headquartered in St. John's that provides support for offshore and subsea operations.
Steve Widmeyer
He serves as the CEO of Horizon Maritime and has been appointed to the Board of Directors of the Chouest Group.
Sean Leet
He is a key executive who will join the Chouest Group Board of Directors following the acquisition.
The details
Horizon Maritime will retain its existing leadership team and operating structure in St. John's, Newfoundland and Labrador. CEO Steve Widmeyer and Sean Leet will transition to the Chouest Group Board of Directors to help guide the expanded marine operations.
Timeline
The acquisition announcement was made on October 26, 2026.
Market Landscape
This acquisition mirrors the broader consolidation trend in the global offshore support vessel industry as companies seek to expand their geographic reach. It positions the Chouest Group to compete more aggressively across Canadian waters by leveraging the established local infrastructure of Horizon Maritime.
Canadian clients can expect broader access to combined marine transportation and subsea services as the two firms integrate their fleets. The retention of local management suggests continuity in current service agreements and operational procedures for existing customers.
The takeaway
This merger signals a strategic move to centralise offshore capabilities within the Canadian maritime sector. The move is expected to bolster the domestic supply chain for marine and subsea transportation services.
Further reading
For more on industry consolidation trends, visit the Business Strategy section.
Source note: This article includes information reported by Offshore Engineer.
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