NICOR Acquires Arthur Levy Enterprises And Offshore Island Boats

NICOR Inc. chairman and president C.J. Gauthier recently announced acquisition, with NICOR common stock, of two marine transportation companies — Arthur Levy Enterprises, Inc. and Offshore Island Boats, Inc. These two companies, along with Acadian Marine Service Inc., will operate as NICOR's offshore marine group. This acquisition will place the offshore marine group among the top 10 offshore service fleets in the world.

Both Levy Enterprises and Offshore Island Boats will operate 16 supply vessels from their Gulf of Mexico headquarters in Morgan City, La., providing logistical support to offshore oil and gas drilling rigs located in the U.S. Gulf of Mexico. Arthur I.

Levy Sr., John Alcina, and Tim McKeand will remain as executives of the company. The current management will stay intact.

With this acquisition, NICOR subsidiary companies will operate a fleet of 30 special-purpose vessels serving the offshore oil and gas industry. Their activities include oceanographic and seismographic research, freight and container transportation, vessel chartering, and ocean towing in the U.S. and Mexican Gulf, Caribbean, and offshore West Africa.

"These acquisitions are consistent with plans to expand current marine interests, develop new markets, and encourage continued growth in the currently active offshore oil industry," said Mr. Gauthier.

Maritime Reporter Magazine, page 7, Jul 1981

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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.