M&A Deal Summary |
|
|---|---|
| Date | 2020-01-30 |
| Target | Savage - Inland Tank Barge Fleet |
| Sector | Transportation |
| Buyer(s) | Kirby |
| Sellers(s) | Savage Co s. |
| 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 | 11 of 11 |
| Sector (Transportation) | 5 of 5 |
| Type (Divestiture) | 4 of 4 |
| State (Utah) | 1 of 1 |
| Country (United States) | 11 of 11 |
| Year (2020) | 1 of 1 |
| 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 |
Savage Co's. is a provider of supply-chain solutions to customers in the production, manufacturing and distribution of energy resources and other essential commodities.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Transportation) | 2 of 2 |
| Type (Divestiture) | 2 of 4 |
| State (Utah) | 1 of 2 |
| Country (United States) | 2 of 4 |
| Year (2020) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-28 |
Progressive Barge Line
Westwego, Louisiana, United States Progressive Barge Line, Inc. owns and operates 7 push boats ranging from 1570 to 2400 Horsepower and 12 barges with capacity ranging from 11,000 to 30,000 barrels. Progressive Barge Line, Inc. was founded in 1977 and is based in Westwego, Louisiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-04 |
Transportation Infrastructure Partners
New York, New York, United States Transportation Infrastructure Partners engages in acquiring and operating essential transportation and logistics infrastructure throughout the United States. |
Buy | - |
