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New Deal


Announced

Completed

Southern Towing completed the acquisition of Devall Maritime.

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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Marine Transportation

Domestic

barge operator

Single Bidder

United States

Majority

Friendly

Acquisition

Completed

Private

Synopsis

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Southern Towing, a transporter of fertilizer and other products, completed the acquisition of Devall Maritime, a tow boat, barge, and diesel service provider. Financial terms were not disclosed. “The acquisition significantly enhances Southern Towing’s Gulf Coast capabilities. We look forward to growing our transportation capabilities, while continuing to provide superior service to the customers we are privileged to serve,” Ed Grimm, STC’s CEO.

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