McDonough Marine Service announced December 15 it had acquired 23 barges from J.R. Gray Inc. in an-all cash buyout. The purchase includes 14 power winch, spud barges with sizes… Read More
Mergers and Acquisitions
Muscle Shoals Marine Service Inc., a fleeting and harbor service with locations at Florence, Ala., and Iuka (Yellow Creek), Miss., has changed hands. The new owner is Mark Burchfield,… Read More
Thrustmaster Holdings B.V., affiliated with U.S.-based Thrustmaster of Texas Inc., has acquired a 58.5 percent stake in Blue Thruster, a Dutch-based maritime innovations company. With the transaction, Thrustmaster,… Read More
American Queen Steamboat Company announced November 12 a definitive agreement to acquire the Victory I and sister ship Victory II from Sunstone Ships Inc., as well as the Victory… Read More
Kirby Corporation announced November 12 that it has signed an agreement to acquire substantially all of CGBM 100, LLC’s inland marine tank barge fleet for an undisclosed amount. Read More
Parker Towing Company Inc., Tuscaloosa, Ala., “one of the oldest, most respected barge lines in the country,” as its literature states, recently expanded its marine and terminal… Read More
A well-known marine electronics firm that has served the Lower Mississippi River and the Gulf Intracoastal Waterway for more than 3-1/2 decades has changed hands. Paul Mustacchia, owner,… Read More
Ocean Tug & Barge Engineering Corporation (OT&BE), a naval architecture and marine engineering firm specializing in articulated tug/barge (ATB) design, announced October 11 that it is now a member… Read More
Louisiana Gov. John Bel Edwards and a host of elected officials, economic development experts and business leaders gathered October 4 at the site of Avondale Shipyard, located on the… Read More
Leading marine operations software company Helm Operations announced September 20 that it has been acquired by Toronto-based Volaris Group Inc. Volaris specializes in strengthening and growing technology companies and… Read More
