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New Deal


Announced

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

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Friendly

Private

Majority

Industrial Distribution

Single Bidder

bulk chemical carrier

United States

Acquisition

Synopsis

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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.

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