Milbank LLP advised SEACOR Holdings Inc. (“SEACOR”), a diversified holding company with interests in domestic and international transportation and logistics assets, on its agreement to sell its US harbor towing operations and assets to two parties, E.N. Bisso & Son, Inc. (“E.N. Bisso”) and Bay-Houston Towing Co. (“Bay-Houston”). The E.N. Bisso transaction includes 12 harbor towing vessels across ports in Florida and Alabama, along with associated business operations. Bay-Houston is acquiring eight vessels operating in Texas along the Sabine Neches Navigation District and in the Port of Lake Charles, Louisiana. The closing of the transaction is subject to regulatory approval and customary closing conditions.
The Milbank team was led by Corporate/M&A partners Scott Golenbock and Iliana Ongun, along with associates Alex Wang, Bianca Prikazsky, Frank Pensabene, Christina Sonageri, Nicolas Glaudemans, Ashley Kemper, and Courteney Craney. The team also included Executive Compensation partner Mike Shah, special counsel Kelly Bartley and associate Taylor Knowles; Tax partner Max Goodman and associate Michael Rivkin; Technology partner Nicholas Smith and associate David Templeton; Antitrust partners Fiona Schaeffer and Grant Bermann, special counsel Andrew Wellin, associate Alix Hudon; Intellectual Property special counsel Nathaniel T. Browand; and Corporate Finance & Securities partner Antonio L. Diaz-Albertini and associates Christina Chaplygina, Bailey Miller and Nicole Haddad.
