About Teekay
Teekay is a company based in Vancouver (United States) founded in 1973 was acquired by Stonepeak Infrastructure Partners in October 2021. It operates as a Managed Services, and Professional Services. The company has 2,300 employees as of December 31, 2024. Teekay has completed 3 acquisitions, including OMC Outdoor, OMI Corp and Tanker Investments. Teekay offers products and services including Tankers, Commercial Management, Fuel Services, and Lightering & Ship-to-Ship Services. Teekay operates in a competitive market with competitors including Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
- Headquarter Vancouver, United States
- Employees 2300 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Teekay Corporation Ltd.
- Date of Incorporation 20 Jul, 1993
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.22 B-16.7as on Dec 31, 2024
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Net Profit
$133.77 M-11.2as on Dec 31, 2024
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EBITDA
$426.38 M-31.29as on Dec 31, 2024
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Latest Funding Round
$450 M (USD), Debt – Conventional
May 23, 2019
- Investors
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Employee Count
2300
as on Dec 31, 2024
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Investments & Acquisitions
OMC Outdoor
& 2 more
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Acquired by
Stonepeak Infrastructure Partners
(Oct 04, 2021)
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IPO & Listings of Teekay
Teekay is a publicly listed company on the NYSE with ticker symbol TK in USA, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Teekay
Teekay offers a comprehensive portfolio of products and services, including Tankers, Commercial Management, Fuel Services, and Lightering & Ship-to-Ship Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tankers are operated for crude oil transportation globally.
Commercial management services are provided for tanker operations.
Fuel services are offered for maritime operational needs.
Lightering services are delivered for ship-to-ship cargo transfer.
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Human Resources and Administration
13 people
Finance and Accounting
11 people
Leadership Team
6 people
Software Development Team
5 people
Legal and Compliance
4 people
Manager Team
3 people
Fleet Team
1 people
Accountant Team
1 people
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Funding Insights of Teekay
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $450.0M
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First Round
First Round
(31 Jul 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Debt – Conventional - Teekay | Valuation |
investors |
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| May, 2019 | Amount | Debt – Conventional - Teekay | Valuation |
investors |
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| May, 2019 | Amount | Debt – Conventional - Teekay | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Teekay
Teekay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Stonepeak. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Stonepeak is recognized as a leading alternative investment firm specializing in infrastructure and real assets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Teekay
Teekay has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include OMC Outdoor, OMI Corp and Tanker Investments. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Gold mining services are provided by Tanker Investments globally.
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2014 | ||||
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Air-actuated boat lifts are manufactured and serviced by OMC Outdoor.
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1992 | ||||
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International shipping of crude oil and refined products is provided.
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1968 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Teekay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Teekay Comparisons
Competitors of Teekay
Teekay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| domain | founded_year | HQ Location |
Oil sands development, exploration, production, and refining are conducted.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Teekay
Frequently Asked Questions about Teekay
When was Teekay founded?
Teekay was founded in 1973 and raised its 1st funding round 40 years after it was founded.
Where is Teekay located?
Teekay is headquartered in Vancouver, United States. It is registered at Vancouver, Washington, United States.
Who is the current CEO of Teekay?
Kenneth Hvid is the current CEO of Teekay.
How many employees does Teekay have?
As of Dec 31, 2024, the latest employee count at Teekay is 2,300.
What is the annual revenue of Teekay?
Annual revenue of Teekay is $1.22B as on Dec 31, 2024.
What does Teekay do?
Teekay is involved in the operation of tankers for crude oil and other cargo transportation across global maritime routes. Services are extended to commercial management, fuel supply, and lightering or ship-to-ship transfers. The company operates in multiple sectors including energy transport, with a presence in various international markets such as Australia, Canada, and the United States. Solutions are tailored to meet the needs of government and commercial clients, ensuring efficient and sustainable maritime logistics.
Who are the top competitors of Teekay?
Teekay's top competitors include Dominion Energy, Shell and Uniper.
What products or services does Teekay offer?
Teekay offers Tankers, Commercial Management, Fuel Services, and Lightering & Ship-to-Ship Services.
Is Teekay publicly traded?
Yes, Teekay is publicly traded on NYSE under the ticker symbol TK.
How many acquisitions has Teekay made?
Teekay has made 3 acquisitions, including OMC Outdoor, OMI Corp, and Tanker Investments.
Who are Teekay's investors?
Teekay has 1 investor. Key investors include Stonepeak.
What is Teekay's ticker symbol?
The ticker symbol of Teekay is TK on NYSE.