Announced
Completed
Financials
Tags
Marine Transportation
Domestic
barge operator
Single Bidder
United States
Majority
Friendly
Acquisition
Completed
Private
Synopsis
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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