Overseas Shipholding Group, Inc.

Overseas Shipholding Group, Inc.

Overseas Shipholding Group, Inc.

Overview
Date Founded

1969

Headquarters

1301 Avenue of the Americas,42nd floor,New York, NY 10019

Type of Company

Public

Employees (Worldwide)

713

Industries

Marine Shipping
Power & Utilities

Company Description

Overseas Shipholding Group, Inc. engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag markets. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program. The company was founded in 1948 and is headquartered in Tampa, FL.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Vice President & Chief Financial Officer

Chief Operations Officer & Vice President

Vice President, General Counsel & Corporate Secretary

Vice President & Head of Health, Safety, Quality, Environment & Operations Assurance

Vice President & Chief Administrative Officer

Senior Information Technology Director

Marketing Executive

Director of Operations

Board of Directors

Co-Head, Investment Banking Practice at Houlihan Lokey Howard & Zukin, Inc.

President, Chief Executive Officer & Director at Overseas Shipholding Group, Inc.

Founding Partner at The Rice Hadley Group LLC

Principal at Cyrus Capital Partners LP

Former Representative from Mississippi's 4th Congressional District

Vice President & Secretary at ESH Hospitality Strategies Holdings LLC

Former Chief Financial Officer at Westcoast Energy, Inc.

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Owners & Shareholders
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Cyrus Capital Partners' investment strategies focus on investing across the capital structure of highly levered and financially distressed companies. They seek attractive absolute and relative returns that are not correlated to the general equity and fixed income markets, while also focusing on preserving capital. Fundamental value and credit analysis combined with Cyrus Capital's experience with event catalysts and processes specific to leveraged and financially distressed companies drives their investment process. The firm employs a rigorous, fundamental, credit-intensive approach to identify and exploit inefficiencies in the leveraged and distressed debt and leveraged equities markets.Cyrus Capital's investments aren't limited to any specific strategy and may include: Private Debt and Equity Securities; High Yield, Low-Rated or Unrated Securities; Distressed Debt and Securities; Bank Loans and Participations; Loans of Portfolio Securities; Bridge Loans; Mezzanine Loans; Vendor Financing; Trade Claims; Structured Credit Products; Collateralized Debt Obligations; Convertible Securities; Capital Structure Arbitrage; Relative Value Arbitrage; Absolute Value; Fixed Income Securities; Swaps and Other Derivatives; Foreign Securities; and Emerging Markets; among others. The types of derivative contracts in which the firm invests include: Credit Default Swaps: Debt-For-Equity Swaps; Options; Option Writing (covered call and put options); Warrants; Futures; Forwards; and Reverse Purchase Agreements. In addition, Cyrus Capital may employ the use of short selling, leverage, hedging techniques, margin transactions.Cyrus Capital also offers investors in certain funds the option of purchasing interests that only participate in returns from socially responsible investments. The firm may also attempt to accommodate investment-related requests in certain single-investor client funds, provided that these investments don't unfairly give one client an advantage at the expense of any other client.^

Details Hidden

Cyrus Capital Partners' investment strategies focus on investing across the capital structure of highly levered and financially distressed companies. They seek attractive absolute and relative returns that are not correlated to the general equity and fixed income markets, while also focusing on preserving capital. Fundamental value and credit analysis combined with Cyrus Capital's experience with event catalysts and processes specific to leveraged and financially distressed companies drives their investment process. The firm employs a rigorous, fundamental, credit-intensive approach to identify and exploit inefficiencies in the leveraged and distressed debt and leveraged equities markets.Cyrus Capital's investments aren't limited to any specific strategy and may include: Private Debt and Equity Securities; High Yield, Low-Rated or Unrated Securities; Distressed Debt and Securities; Bank Loans and Participations; Loans of Portfolio Securities; Bridge Loans; Mezzanine Loans; Vendor Financing; Trade Claims; Structured Credit Products; Collateralized Debt Obligations; Convertible Securities; Capital Structure Arbitrage; Relative Value Arbitrage; Absolute Value; Fixed Income Securities; Swaps and Other Derivatives; Foreign Securities; and Emerging Markets; among others. The types of derivative contracts in which the firm invests include: Credit Default Swaps: Debt-For-Equity Swaps; Options; Option Writing (covered call and put options); Warrants; Futures; Forwards; and Reverse Purchase Agreements. In addition, Cyrus Capital may employ the use of short selling, leverage, hedging techniques, margin transactions.Cyrus Capital also offers investors in certain funds the option of purchasing interests that only participate in returns from socially responsible investments. The firm may also attempt to accommodate investment-related requests in certain single-investor client funds, provided that these investments don't unfairly give one client an advantage at the expense of any other client.^

Recent Transactions
Details Hidden

Overseas Shipholding Group, Inc. purchases Alaska Tanker Co. LLC

Details Hidden

Constellation Software Inc. purchases First Pacific Corp. from Overseas Shipholding Group, Inc.

Details Hidden

Overseas Shipholding Group, Inc. raised money in a private placement transaction

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Investment Advisor

Advised onOverseas Shipholding Group, Inc. purchases OSG America LP

Accountant

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Legal Advisor

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Investment Advisor

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Legal Advisor

Advised onOverseas Shipholding Group, Inc. purchases Maritrans, Inc.

Advisors & Consultants
Legal Advisor

Vice Chairman & Chief Legal Officer at The Travelers Cos., Inc.

Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Shareholder at Greenberg Traurig LLP

Clients

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York).

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Key Stats and Financials As of 2019
Market Capitalization
$165M
Total Enterprise Value
$870M
Earnings Per Share
$0.1
Revenue
$356M
EBITDAMargin
48.76%
Enterprise Value Sales
2.45x
Enterprise Value EBITDAOperating
3.23x
TEVNet Income
100.28x
Debt TEV
0.81x
Net Profit
$8.68M
EBITDA
$173M
Total Debt
$705M
Total Equity
$342M
Three Year Compounded Annual Growth Rate Of Revenue
-8.39%
Five Year Compounded Annual Growth Rate Of Revenue
-16.41%
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