NICOR Inc. Acquires Acadian Marine Service

NICOR Inc., Naperville, 111., has announced acquisition of Acadian Marine Service, Inc., a privately owned marine transportation company based in New Orleans.

Operating a modern fleet of special-purpose vessels worldwide, including regions of the U.S. and Mexican Gulf, Caribbean, North Atlantic, and offshore West Africa, Acadian Marine serves the oceanographic research, seismographic, container, and offshore oil industry trades.

Prieur J. Leary Jr., president of Acadian Marine, said NICOR's strength will allow Acadian to take advantage of tremendous worldwide demand for offshore oil service vessels. He stated NICOR's financial backing will enable Acadian to expand its current marine interests, develop new markets, and encourage growth in the currently active offshore oil industry. Mr. Leary reported Acadian's present management team will remain intact.

According to L.L. Forsell, NICOR group vice president, Transportation and Extractive, acquisition of Acadian is consistent with NICOR's plans to expand into salt water its marine and oil-service involvement which began in 1978 with the addition of National Marine Service, Inc., which limits its activities to the freshwater inland waterways.

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.