Tidewater Holdings, Inc Acquires Island Tug and Barge Canada
Vancouver, WA – Sept 1, 2017 – Today, Tidewater Holdings, Inc. finalized the acquisition of 100 percent of the outstanding shares in Island Tug and Barge (ITB) of British Columbia, Canada from Coal Island, Ltd., a private industrial services company in Vancouver, BC. This transaction represents a unique and significant opportunity to enhance the growth of Tidewater and advance the Company’s strategic focus on growing its tug and barge business in the Pacific Northwest. Island Tug and Barge will be a wholly owned subsidiary of Tidewater.
About Island Tug and Barge
ITB started with a cable-laying operation in the B.C.’s Gulf Islands in 1958. Today, the company provides bulk fuel transportation, specialty towing, marine fuel sales, and submarine cable services to diverse regions of the Canadian West Coast and the Pacific Northwest. For more information, visit islandtug.com.