M&A Deal Summary

Savage Co s. Acquires Progressive Barge Line

On December 28, 2018, Savage Co s. acquired marine company Progressive Barge Line

Acquisition Highlights
  • This is Savage Co s.’s 2nd transaction in the Marine sector.
  • This is Savage Co s.’s 3rd transaction in the United States.
  • This is Savage Co s.’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2018-12-28
Target Progressive Barge Line
Sector Marine
Buyer(s) Savage Co s.
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Savage Co s.

Midvale, Utah, United States
Category Company
Sector Transportation
DESCRIPTION

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 3 of 4
Sector (Marine) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Louisiana) 2 of 2
Country (United States) 3 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Savage Logistics

Duluth, Georgia, United States

Savage Logistics LLC is a provider of third-party logistics services in the United States and Canada, offering non-asset-based services in the areas of van, flat bed, over dimensional, reefer, warehousing, intermodal, LTL, and specialized transportation for various commodities, including agricultural equipment, recyclables, paper, flooring, trade shows, beer, wine, spirits, plastics, and food commodities. Savage Logistics serves shippers, Fortune 500 companies and small businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Savage - Inland Tank Barge Fleet

Midvale, Utah, United States

Savage's Inland Tank Barge Fleet provides 90 inland tank barges and 46 inland towboats.

Sell -
Mergr

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