Kirby - M&A Summary and Business Overview

TransportationCompany

Kirby M&A Summary

Kirby has acquired 12 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Kirby’s largest acquisition to date was in 2017, when it acquired Stewart & Stevenson for $710M. Kirby has acquired in 6 different US states. The Company’s most targeted sectors include transportation (46%) and marine (37%).

Kirby Business Overview

Where is Kirby headquartered?

Kirby is headquartered in Houston, Texas.

What is Kirby’s revenue?

Kirby disclosed revenue of 3,092M USD for 2023 and 2,785M USD for 2022.

How many employees does Kirby have?

Kirby has 5,450 employees.

What sector is Kirby in?

Kirby is a transportation company.

When was Kirby founded?

Kirby was founded in 1921.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity11
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7

Kirby

Kirby Corp.

55 Waugh Drive, Suite 1000,
Houston, Texas 77007
United States,
(713) 435-1000
www.kirbycorp.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 10 1 - - - - 11
vol $2.5B $2.5B
Sell (0.0/yr) # 1 - - - - - 1
  12

Most Recent M&A

Company Date Value Type
Savage - Inland Tank Barge Fleet 2020-01-30 - Divestiture
Midvale, Utah
Cenac Marine LLC - Marine Transportation Fleet 2019-03-14 244M USD Divestiture
Houma, Louisiana
CGBM 100 LLC - Inland Tank Barge Fleet 2018-11-12 - Divestiture
Kenner, Louisiana
Higman Marine, Inc. 2018-02-04 419M USD Add-on Acquisition
Houston, Texas · www.higman.com
Stewart & Stevenson LLC 2017-06-13 710M USD Add-on Acquisition
Houston, Texas · www.stewartandstevenson.com
UE Compression LLC 2015-11-02 - Divestiture
Henderson, Colorado · www.uecompression.com
Penn Maritime ( Penn) 2012-11-27 295M USD Add-on Acquisition
, United States
Allied Transportation Co. 2012-09-04 116M USD Add-on Acquisition
Norfolk, Virginia
United Holdings LLC 2011-04-15 - Add-on Acquisition
Oklahoma City, United States · www.unitedholdingscorp.com
K-Sea Transportation LLC 2011-03-13 600M USD Add-on Acquisition
Staten Island, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 5 (45%) 1.0B (42%) - -
Marine 4 (36%) 716M (29%) - -
Machinery 1 (9%) 710M (29%) - -
Manufacturing 1 (9%) - - -
Business Services - - 1 (100%) -
Total 11 $2.5B 1 -

By Geo

State/Country Buy Value Sell Value
United States 11 2.5B 1 -
  Texas 3 1.1B - -
  Louisiana 2 244M - -
  Virginia 1 116M - -
  Utah 1 - - -
  New York 1 600M - -
  Colorado - - 1 -
Total 11 $2.5B 1 -

Deal Values

buy # Total
$100M to $1B 6 $2.4B
< $100M 2 $73M
TOTAL $2.5B
Largest Stewart & Stevenson LLC
$710M (2017-06-13)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Strategic(s)
36%
4 (36%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Transportation

Revenue

3,092   12% 2023
2,785   24% 2022
2,247   4% 2021
2,171   24% 2020
2,838   5% 2019
2,971   35% 2018
2,214   26% 2017
1,771   18% 2016
2,148   17% 2015
2,566   15% 2014
2,242   7% 2013
2,112   2012
(millions of USD) Show More Show Less

Employees

5,450

Established

1921

Public

NYSE: KEX

Former Name

Kirby Exploration Company, Inc.

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