On the Record · Teekay Tankers
Teekay Tankers acquisitions, on the record
The businesses Teekay Tankers bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
ship-to-ship (STS) transfer businessWord for word“In July 2015, we acquired our ship-to-ship (or STS ) transfer business, which provides full service lightering and lightering support, from a company jointly-owned by Teekay Corporation and a Norway-based marine transportation company, I.M. Skaugen SE.” 20-F for 2023 | acquisition | July 2015 | — |
remaining 50% interest in Teekay Tanker Operations Ltd. (TTOL)Word for word“In May 2017, we completed the acquisition from Teekay Holdings Ltd., a wholly-owned subsidiary of Teekay Corporation, of the remaining 50% interest in Teekay Tanker Operations Ltd. (or TTOL ), which owns certain tanker commercial management and technical management operations.” 20-F for 2023 | acquisition | May 2017 | — |
Tanker Investments Ltd. (TIL)Word for word“In November 2017, we completed a merger with Tanker Investments Ltd. (or TIL ) by acquiring all of the remaining 27.0 million issued and outstanding common shares of TIL, by way of a share-for-share exchange resulting in TIL becoming a wholly-owned subsidiary.” 20-F for 2023 | merger | November 2017 | — |
one Aframax / LR2 tankerWord for word“We sold one Aframax / LR2 tanker in 2023, one Suezmax tanker and three Aframax / LR tankers in 2022 and four Aframax / LR2 tankers in 2021.” 20-F for 2023 | divestiture | 2023 | — |
eight Suezmax tankers under sale-leaseback repurchase optionsWord for word“In January 2024, we gave notice to exercise our options to acquire an additional eight Suezmax tankers for a total cost of $137.0 million pursuant to repurchase options under related sale-leaseback arrangements.” 20-F for 2023 | agreed acquisition | — | 137.0 million |
one 2019-built Aframax / LR2 tankerWord for word“In February 2025, we signed an agreement to acquire one 2019-built Aframax / LR2 tanker for a purchase price of $63.0 million.” 20-F for 2024 | agreed acquisition | In February 2025 | $63.0 million |
one Suezmax tankerWord for word“In March 2025, we entered into agreements to sell one Aframax / LR2 tanker and one Suezmax tanker.” 20-F for 2024 | agreed divestiture | In March 2025 | — |
one 2021-built Aframax / LR2 tankerWord for word“In July 2024, we completed the acquisition of one 2021-built Aframax / LR2 tanker for a purchase price of $70.5 million.” 20-F for 2024 | acquisition | In July 2024 | $70.5 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $0 |
Read from Teekay Tankers’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.