Teekay Corporation accepted the Marine Money award for 2011 Dealmaker of the Year at the recent Marine Money Conference in New York City.

“We have raised over $2.4 billion since the start of 2011, which is part of the company’s long-term plan to grow the value of our businesses as a diversified marine energy company,” commented Peter Evensen, Teekay’s President and Chief Executive Officer.

Deals include:

·         Teekay Corporation

• Acquisition of two FPSOs and equity investment in Sevan Marine

·         Teekay LNG Partners L.P.

• Follow-on equity offering to finance the building of four vessels providing LNG shipping services to the Angola LNG Project
• Acquisition of six Maersk LNG carriers, in J/V partnership with Marubeni, and follow-on equity offering to fund Teekay LNG Partners’ equity portion

·         Teekay Offshore Partners L.P.

• Direct equity placement to partially fund the building of four new shuttle tankers to service the BG Group in Brazil’s offshore region
• Equity private placement to fund the acquisition of the Piranema FPSO from Sevan Marine

·         Teekay Tankers Ltd.

• Follow-on equity offering to partially fund the acquisition of 13 tankers from Teekay. 

Marine Money Editor in Chief, George Weltman, credits Teekay’s success “to its creative corporate structure which has earned it a lower cost and broader sources of capital giving it a competitive advantage. Add the brand and anything is possible. ”