The transaction builds on the recent formation of CES and advances the Chouest Group’s strategy to deliver fully integrated, end-to-end offshore solutions focused on late-life asset management and decommissioning.

“Alliance is a strong strategic fit and an important step in building a scalable, integrated platform in the decommissioning and P&A market,” said Dino Chouest, Executive Vice President of the Chouest Group.

Robbie Champagne, CEO of CES, added: “We are excited to welcome the Alliance team to CES. This combination creates immediate synergies and enhances our ability to deliver safe, efficient, and high-quality solutions to our clients.”

The combined platform will provide services including P&A, subsea intervention, marine logistics, and infrastructure removal across the offshore energy sector.

Johnson Rice & Company acted as financial advisor to the Chouest Group on the transaction.