M&A Deal Summary

Southern Towing Acquires Devall Towing & Boat Services

On February 2, 2021, Southern Towing acquired marine company Devall Towing & Boat Services

Acquisition Highlights
  • This is Southern Towing’s 1st transaction in the Marine sector.
  • This is Southern Towing’s 1st transaction in the United States.
  • This is Southern Towing’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2021-02-02
Target Devall Towing & Boat Services
Sector Marine
Buyer(s) Southern Towing
Deal Type Add-on Acquisition

Target

Devall Towing & Boat Services

Sulphur, Louisiana, United States
Devall Towing & Boat Services is a marine transportation provider of specialty chemicals on the Gulf Intracoastal Waterway and Lower Mississippi River. Devall Towing is based in Sulphur, Louisiana.

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Buyer(S) 1

Buyer

Southern Towing

Memphis, Tennessee, United States
Category Company
Founded 1958
Sector Transportation
DESCRIPTION

Southern Towing Co. is a transporter of fertilizer and other products along the inland waterways of the United States. STC operates a fleet of towboats and barges to provide marine transportation services to customers in the agriculture and industrial end markets. Southern Towing Co. was founded in 1958 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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