M&A Deal Summary |
|
|---|---|
| Date | 2018-11-12 |
| Target | CGBM 100 - Inland Tank Barge Fleet |
| Sector | Marine |
| Buyer(s) | Kirby |
| Sellers(s) | CGBM 100 |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1921 |
| Sector | Transportation |
| Employees | 5,200 |
| Revenue | 2.8B USD (2022) |
Kirby is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. Kirby transports petrochemicals, black oil products, refined petroleum products and agricultural chemicals. Kirby was formed in 1921 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 11 |
| Sector (Marine) | 3 of 4 |
| Type (Divestiture) | 2 of 4 |
| State (Louisiana) | 1 of 2 |
| Country (United States) | 9 of 11 |
| Year (2018) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-04 |
Higman Marine
Houston, Texas, United States Higman Marine, Inc. is a provider of marine transportation fleet consists of 159 inland tank barges with 4.8 million barrels of capacity, and 75 inland towboats. Higman's fleet moves petrochemicals, refined petroleum products, crude oil, natural gas condensate, and black oil on the Mississippi River System and Gulf Intracoastal Waterway for large midstream and global integrated oil companies. |
Buy | $419M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-14 |
Cenac Marine - Marine Transportation Fleet
Houma, Louisiana, United States Cenac Marine LLC - Marine Transportation Fleet consists of 63 30,000-barrel inland tank barges with approximately 1.9 million barrels of capacity, 34 inland towboats, and 2 offshore tugboats. The average age of the Cenac fleet is approximately four years for the tank barges and approximately six years for the towboats. |
Buy | $244M |
CGBM 100 LLC is a marine transportation company registered in the State of Louisiana. Drawing from over 20 years of marine management service experience, we charter a fleet of all welded steel construction, double skinned tank barges to our customers. Our barges, whether by bareboat or fully found charters, are capable of transporting 10,000 barrels of liquid bulk products throughout the Gulf Coast region. All barges have been documented and inspected by the United States Coast Guard.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Marine) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Louisiana) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
