What Aqueos Corporation does

Aqueos Corporation is a US-headquartered subsea and transitional energy services provider that delivers marine construction, commercial diving, ROV operations, and vessel contracting for oil and gas, civil infrastructure, decommissioning, military, and offshore renewable energy clients. Originally founded as Divecon Services in June 2000 and rebranded in 2009, the company is headquartered in Broussard, Louisiana with regional offices in Houston (2020), Ventura, and Boston (2022), operating assets that span the Gulf of Mexico, US West Coast, Northeast US, Mexico, Central America, the Caribbean, and West Africa.

The technical core centers on purpose-built, Jones Act-compliant vessels and certified diving systems: the DP2 DSV Kelly Ann Candies (owned outright as of February 2026, supporting saturation diving to 1,000 feet, surface air diving to 150 feet, and ROV operations to 3,000 meters, accommodating 74 personnel); the SPLASH jet-propelled live-boating catamaran that mitigates propeller risk to divers; the MPSV Sea Scout (134-foot, 22 passenger/4 crew catamaran oriented to offshore wind); the DNV-classed Aqueos Modular Saturation System rated to 1,000 feet with 12-diver capacity; and an IMCA-compliant containerized air dive system (ADS-01). Supporting assets include the Deep Scout and Falcon work-class ROVs. The company holds DNV ISO 9001/14001/45001, IMCA diving-contractor, ADCI general membership, OSHA SHARP, and dual DNV/ABS in-water survey certifications.

Aqueos monetizes these capabilities through project-based professional-services contracts (time-and-materials or fixed-price), vessel day-rate charters, and ROV intervention campaigns, executing primarily as a prime contractor via direct enterprise field sales. Enterprise relationships include ExxonMobil in the Gulf of Mexico since 2005, multi-decade work with Chevron (with documented awards across 2011–2019), Dominion Energy on the Coastal Virginia Offshore Wind project since 2020, and government engagements such as the US Army Corps of Engineers. In 2022, Aqueos was acquired by Michels Holdings, Inc. and continues to operate independently within the Michels Family of Companies, which employs 8,000+ staff worldwide. Management has flagged record revenue and EBITDA in 2021 and again in 2024, with 2024 representing the highest revenue and profit in company history.

Name

Aqueos Corporation

Legal name

Aqueos Corporation

Website

https://aqueossubsea.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Aqueos Corporation is a US-based subsea services firm providing marine construction, commercial diving, ROV operations, and vessel contracting for oil and gas, offshore wind, civil infrastructure, decommissioning, and military clients across North America and select international locations, anchored by Jones Act-compliant DSV and MPSV assets.

Ownership category

akta.pro rank

Product category

Subsea Marine Construction & Commercial Diving Services

NAICS

Support Activities for Water Transportation (4883), Ship Building and Repairing (336611)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Underwater/Port Infrastructure Security (Dive Teams, Hull & Pier Inspections) (BPAKALAH), Underwater Hull Services (Diving, In-Water Cleaning, Propeller Polishing, Inspection) (TLAHAMAL)

Keywords

• Commercial diving services
• Subsea marine construction
• ROV inspection services
• Offshore vessel contracting
• Saturation diving operations

Headquarters

HQ city

Lafayette

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Marine Construction Services: Project-based professional services for subsea construction including structural repair, pipeline installation, decommissioning, and offshore wind farm support. Revenue is earned through time-and-materials or fixed-price contracts.
2. Commercial Diving Services: Saturation diving, surface-supplied air diving, mixed-gas diving, and ROV operations billed per project or campaign. Includes emergency medical technician and diving medical technician services.
3. Vessel Contracting: Charter and operation of DSV, MPSV, and CTV vessels with crew for client operations. Revenue derived from vessel day rates and charter agreements.
4. ROV Services: Remotely operated vehicle inspection, survey, and intervention services. Work class ROV operations to 3,000 meters depth.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Aqueos Corporation delivers integrated subsea services — marine construction, commercial diving (surface-supplied air, nitrox, mixed-gas, and saturation to 1,000 feet), ROV inspection and intervention (to 3,000 meters), and vessel contracting — for offshore oil & gas, civil infrastructure, military, decommissioning, and renewable energy (offshore wind) clients across North America and select international markets. The company operates a fleet of purpose-built and chartered vessels, including the Jones Act-compliant DP2 DSV Kelly Ann Candies, SPLASH live-boating catamaran, MPSV Sea Scout, and modular saturation diving systems, executing projects as a prime contractor.

Product overview

Aqueos Corporation is a subsea and transitional energy service provider offering a portfolio of marine construction, commercial diving, ROV, and vessel contracting services. The company operates a fleet of owned and chartered vessels including the DP2 DSV Kelly Ann Candies (saturation diving to 1,000 feet), SPLASH™ live-boating catamaran, MPSV Sea Scout, and modular saturation diving systems. Services span the oil & gas, civil, decommissioning, military, and renewable energy sectors across North America and select international locations.

Differentiator

Problem solved

Functional benefit

Brands

• SPLASH: Special Purpose Liveboat And Survey Hull - a custom-built vessel providing marine construction, diving, ROV, and vessel services for new construction, inspection, maintenance, and repair (IMR) and decommissioning.

Products and services

• DSV Kelly Ann Candies Purpose-built Jones Act-compliant DP2 diving support vessel with integrated saturation diving system and moonpool-launched diving bell supporting surface air diving to 150 feet, saturation diving to 1,000 feet, and ROV operations to 3,000 meters; accommodates 74 people. Acquired from prior charter arrangement in 2026.
• SPLASH Dive Support Vessel (Special Purpose Liveboat And Survey Hull) Custom-built special-purpose live-boating and survey hull with IMCA-audited diving equipment for surface-supported air or NITROX diving to approximately 100 feet; enables live-boating diving operations while the vessel is underway for pipeline inspections.
• IMCA Air Dive System (ADS-01) IMCA-compliant containerized dive system with 8-foot-by-20-foot dive control, 60-foot chamber, three-diver air/nitrox dive control panel, diver video with overlay, and clear-comms communications; modular design for transport and rapid deployment.
• MPSV Sea Scout USA-built 134-foot multi-purpose, high-speed, shallow-draft catamaran support vessel ideal for offshore wind farm projects; accommodates 22 passengers and four crew for up to 20 days.
• Aqueos Modular Saturation System (AMSS) DNV-classed modular saturation diving system rated to 305 MSW (1,000 feet) with 12-diver occupancy in two six-man twin-lock chambers; compliant with IMCA design documents, IMO, and SOLAS standards.
• Deep Scout ROV Light Work Class ROV with 2,000-foot operating depth, high-resolution color video camera (CCD), low-light wide angle B&W CCD, and high-resolution color imaging sonar for pipeline, platform, cable, dam, and search/recovery inspections.
• Falcon DR ROV Industry-standard underwater electric robotic system rated to 300 meters (standard) or 1,000 meters (DR version); lightweight and portable for easy deployment, powered by single-phase 110/230 VAC supply.
• Oil & Gas Subsea Services Marine construction, commercial diving, ROV, and vessel contracting services for offshore oil and gas — including inspection and repair, underwater cleaning, pipeline installation, tie-ins, structural repair, platform and facility abandonment, and marine terminal projects.
• Renewable / Offshore Wind Subsea Services Offshore wind farm construction support including turbine foundation inspections, export cable installation, seabed preparation, debris removal, power cable installation, UXO identification and clearance, and bathymetric / side scan / magnetometer surveys.
• Civil Subsea Services Marine construction and commercial diving services for port authorities, telecommunication firms, hydroelectric companies, municipalities, and federal/state agencies — including bridge inspection, dam and penstock inspection, HDPE pipe installation, and outfall/tunnel inspection.
• Commercial Diving Services Full range of diving capabilities including surface-supplied air, scuba replacement package, nitrox, surface-supplied mixed-gas, saturation diving with SPHL, hyperbaric rescue facility, underwater welding/burning, and video/still photography.
• ROV Services Remotely operated vehicle operations for underwater inspections, cable route surveys, NDT inspections, and survey operations.
• Vessel Contracting Services Provision of diving support vessels (DSV), multi-purpose support vessels (MPSV), light construction vessels (LCV), crew transport vessels (CTV), lift boats, and survey vessels to clients on charter or contracted basis.

Quantifiable outcome

• Zero Total Recordable Incident Rate (TRIR) achieved for 7 of 8 calendar years
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Helix Energy Solutions Group: Houston-based provider of subsea well intervention, robotics, and chartered subsea vessels. Highly comparable to Aqueos for DSV operations, ROV-based intervention, and oil & gas IMR services.
• Edison Chouest Offshore: Privately-held US offshore vessel operator with extensive DSV, MPSV, and CTV fleet. Comparable to Aqueos' Jones Act-compliant vessel operations and offshore wind support capabilities.
• DOF Subsea: Norway-based provider of subsea IMR, construction, and vessel chartering services. Comparable to Aqueos in diving, ROV, and vessel-based subsea work for offshore oil & gas, with strong North Sea and global presence.
• Deep Down, Inc. US-based subsea equipment and services provider serving Gulf of Mexico oil & gas operators. Closest size-and-geography comparable to Aqueos, with similar customer base and subsea IMR focus.

Broad incumbents

• Subsea 7: Global subsea engineering, construction, and services contractor for offshore energy. Comparable in subsea construction and SURF scope but operates at a far larger scale with major offshore wind exposure.
• TechnipFMC: Global subsea engineering and construction company; Aqueos' president and several senior leaders previously held senior roles at TechnipFMC. Comparable in subsea construction and pipelay capabilities.
• Oceaneering International: Global subsea robotics, ROV operations, and commercial diving services company. Overlaps with Aqueos in saturation diving and ROV intervention but serves a much broader global footprint and product portfolio.
• Saipem: Italian energy services and engineering major with subsea construction, pipelay, and offshore renewables capabilities. Comparable in subsea pipeline installation and offshore wind foundations but at a much larger project scale.

Regional players

• Bourbon Corporation: France-based offshore vessel operator with PSV, AHTS, and subsea service fleet. Comparable vessel-based service model but focused on West African and European offshore markets.

Emerging players

• SeaTrepid International: US-based subsea ROV and remote intervention services provider. Comparable in ROV inspection and intervention, including search & recovery and cable route survey work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC9YL07bLQXRMyzepXKmhVQQ
• Facebookfacebook.com/aqueoscorporation
• LinkedInlinkedin.com/company/aqueos-corporation

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aqueos Corporation