M&A Deal Summary

Kirby Acquires K-Sea Transportation

On March 13, 2011, Kirby acquired transportation company K-Sea Transportation for 600M USD

Acquisition Highlights
  • This is Kirby’s 2nd transaction in the Transportation sector.
  • This is Kirby’s 2nd largest (disclosed) transaction.
  • This is Kirby’s 3rd transaction in the United States.
  • This is Kirby’s 1st transaction in New York.

M&A Deal Summary
Date 2011-03-13
Target K-Sea Transportation
Sector Transportation
Buyer(s) Kirby
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

K-Sea Transportation

Staten Island, New York, United States
K-Sea Transportation LLC - is a an operator of tank barges & tugboats participating in the coastwise transportation primarily of refined petroleum products in the United States.

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Buyer(S) 1

Buyer

Kirby

Houston, Texas, United States
Category Company
Founded 1921
Sector Transportation
Employees5,450
Revenue 3.1B USD (2023)
DESCRIPTION
Entrance to Kirby Corporation's corporate headquarters in Houston, Texas.
Entrance to Kirby Corporation's corporate headquarters in Houston, Texas.

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 3 of 11
Sector (Transportation) 2 of 5
Type (Add-on Acquisition) 2 of 7
State (New York) 1 of 1
Country (United States) 3 of 11
Year (2011) 2 of 3
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Enterprise Marine Ship Bunkering Operations

United States

Enterprise Marine Ship Bunkering Operations, comprises 21 tank barges and 15 towboats that deliver engine fuel to cruise ships, container vessels and freighters at ports primarily in South Florida, as well as other locations in Mobile, Alabama and Houston.

Buy $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 United Holdings

Oklahoma City, United States

United Holdings LLC distributes and services engine and transmission products, as well as manufactures oilfield service equipment, including hydraulic fracturing equipment, gas compressors, pump jack power packages, cementers, blenders and nitrogen pumpers.

Buy -
Mergr

Product

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