M&A Deal Summary

Kirby Acquires Stewart & Stevenson

On June 13, 2017, Kirby acquired machinery company Stewart & Stevenson for 710M USD

Acquisition Highlights
  • This is Kirby’s 1st transaction in the Machinery sector.
  • This is Kirby’s largest (disclosed) transaction.
  • This is Kirby’s 7th transaction in the United States.
  • This is Kirby’s 2nd transaction in Texas.

M&A Deal Summary
Date 2017-06-13
Target Stewart & Stevenson
Sector Machinery
Buyer(s) Kirby
Deal Type Add-on Acquisition
Deal Value 710M USD

Target

Stewart & Stevenson

Houston, Texas, United States
Stewart & Stevenson LLC is a manufacturer and distributor of products and services for the oil and gas, marine, construction, power generation, transportation, mining and agricultural industries. Stewart & Stevenson LLC was founded in 1902 is headquartered in Houston, Texas.

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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 7 of 11
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Texas) 2 of 3
Country (United States) 7 of 11
Year (2017) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 UE Compression

Henderson, Colorado, United States

UE Compression provides custom air and gas compression repair services for the oil & gas industry, power plants, process industry, and the industrial marketplace, as well as for commercial and municipal applications. UE Compression is based in Henderson, Colorado.

Sell -
FOLLOWING DEAL
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
Mergr

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