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CKH

Seacor

$61.34

0.41 (0.67%)

14:08
10/06/16
10/06
14:08
10/06/16
14:08

Seacor's Witt O'Brien's unit expanding operations hub in Houston

Witt O'Brien's announced today the launch of a strategic growth program that will dramatically expand the company's position in the fast-growing market for crisis and emergency management solutions. "Our company was originally founded to build resilience in the oil and gas, shipping and government sectors," said Tim Whipple, CEO. "We've retained that core focus, but have also expanded in energy and transportation and diversified into healthcare and education. Our international growth plan will build on our traditional strengths and expand our coverage of the fragmented resilience market by integrating new regional, sector and service capabilities." To support this new initiative, Witt O'Brien's is expanding its operations hub in Houston, TX, including its 24/7 command center. The company will remain headquartered in Washington, D.C. and will continue to support Central and South American clients through its joint venture Witt O'Brien's Brasil. Witt O'Brien's is a division of SEACOR Holdings. "We remain strong believers in the market for resilience solutions," added Eric Fabrikant, SEACOR's Chief Operating Officer. "As Tim and his team complete their strategic review, we are delighted to support a dynamic plan that drives growth and value for Witt O'Brien's and its customers, as well as our shareholders."

CKH Seacor
$61.34

0.41 (0.67%)

08/23/16
STFL
08/23/16
INITIATION
STFL
Buy
Seacor initiated with a Buy at Stifel
08/24/16
STFL
08/24/16
INITIATION
Target $70
STFL
Buy
Seacor initiated with a Buy at Stifel
Stifel analyst Benjamin Nolan initiated Seacore with a Buy and $70 price target saying its a low risk way to invest in oil offshore services, a diversified portfolio that mitigates risk, and has the potential to spin-out the offshore business.

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SPY

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EVRI

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XOG

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