Deepwater Corrosion Services, Inc.

Deepwater Corrosion Services, Inc.
A deep water corrosion machine in the ocean.

Successful Guidance through an $8,000,000 Preferred Equity Investment

Founded in 1986, Deepwater Corrosion Services, Inc. is a Houston-based full service offshore corrosion control company that designs and manufactures cathodic protection systems for offshore and marine assets in the oil, gas and wind industries, as well as industry standard corrosion-testing probes and other corrosion prevention products.

In 2012, Andrews Myers, P.C. represented the founding, minority shareholders of Deepwater in connection with the buy-out of the Malaysian-based majority shareholder. Following this buy-out, Andrews Myers assisted Deepwater and its shareholders in successfully raising $8,000,000 in capital through a preferred equity, minority share investment by a Dallas-based publicly traded investment company with approximately $660 million in net assets. As part of this equity investment, we assisted in converting Deepwater’s state of jurisdiction and in creating several new classes of stock, including the preferred stock issued to the investor, as well as counseling the company and its shareholders through the investment process. Of key importance to the shareholders was retaining a majority share of the company, particularly in light of the recent buy-out. Being able to retain this ownership stake while securing a partner keen on Deepwater’s future success and growth, and having the resources to aid in such growth, was a huge victory for Deepwater, its shareholders and Andrews Myers.

As a result of this investment, Deepwater is poised to expand upon its reputation as an industry leader in the offshore corrosion control field.

For more information about Deepwater, go to its website at

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