M&A Deal Summary

Savage Co s. Acquires Settoon Towing - Liquid Bulk Assets

On April 7, 2017, Savage Co s. acquired marine company Settoon Towing - Liquid Bulk Assets

Acquisition Highlights
  • This is Savage Co s.’s 1st transaction in the Marine sector.
  • This is Savage Co s.’s 2nd transaction in the United States.
  • This is Savage Co s.’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2017-04-07
Target Settoon Towing - Liquid Bulk Assets
Sector Marine
Buyer(s) Savage Co s.
Deal Type Divestiture

Target

Settoon Towing - Liquid Bulk Assets

Pierre Part, Louisiana, United States
Settoon Towing LLC - Liquid Bulk Assets which includes 35 towboats and 63 liquid tank barges with a total capacity of nearly 2 million barrels.

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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 2 of 4
Sector (Marine) 1 of 2
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 2
Country (United States) 2 of 4
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Sunpro

Canton, Ohio, United States

Sunpro, Inc. is a provider of emergency response and planned services including spill response, remediation and transportation of environmental waste, across a variety of industries.

Buy -
FOLLOWING 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 -
Mergr

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