Private investment firm Auxo Investment Partners announced February 21 that it is acquiring Andrie LLC, a Michigan-based Jones Act bulk transporter of specialty products including liquid asphalt, cement, light oil… Read More
Mergers and Acquisitions
Palmer Johnson Power Systems, Sun Prairie, Wis., announced the acquisition of Mill Log Equipment Company Inc. and Mill Log Wilson Equipment Ltd. from Twin Disc Inc. The acquisition, which will… Read More
Kirby Corporation announced January 31 that it has signed an agreement to purchase the marine transportation fleet of Cenac Marine Services LLC. The purchase price is approximately $244 million in… Read More
Watco Companies LLC, Pittsburg, Kan., and funds managed by Oaktree Capital Management announced January 4 the formation of a strategic partnership and a definitive agreement whereby Oaktree has committed $450… Read More
Note: This is an update of an earlier post that appeared on waterwaysjournal.net December 28, 2018. This update includes quotes from officials of Savage Inland Marine and Progressive Barge Line… Read More
Savage Inland Marine announced December 28 it has acquired the assets of Progressive Barge Line, one of the largest bunkering and tank barge operators in the Port of New Orleans. The deal… Read More
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 ranging… Read More
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, a… 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, a global… 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 brand. … Read More