Adams Resources & Energy to acquire CTL Transportation from Comcar Industries.

Adams Resources & Energy, a crude oil, natural gas and liquid chemical products company, agreed to acquire CTL Transportation, a liquid bulk chemical carrier, from Comcar Industries, a transportation and logistics company. Financial terms were not disclosed. "We are pleased to enter into this strategic transaction given its key benefits on multiple fronts. The acquisition will allow us to grow the size of Service Transport's collective fleet of both tractors and trailers by more than 50%, as well as expand our operating footprint into four new important markets. Finally, the transaction offers a compelling valuation for our shareholders and will be immediately accretive to earnings," Kevin J. Roycraft, Adams CEO.