.
MergerLinks Header Logo

New Deal


Announced

Completed

Adams Resources & Energy-backed GulfMark Energy comlpeted the acquisition of Firebird Bulk Carriers and Phoenix Oil for $33m.

Financials

Edit Data
Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Single Bidder

Completed

Domestic

Friendly

Acquisition

Transportation Services

Majority

interstate bulk motor carrier

Private

Synopsis

Edit

Adams Resources & Energy-backed GulfMark Energy, a service transport company, completed the acquisition of Firebird Bulk Carriers, a provider of trucking and transportation services for the petroleum industry, and Phoenix Oil, a service company specialized in crude oil and industrial fuels, for $33m. "Joining forces with Firebird and Phoenix is a great opportunity for GulfMark to expand our value chain and market impact, with numerous operating synergies benefiting the combined companies immediately upon close. The leadership and employees of Firebird and Phoenix bring a wealth of knowledge, and a history of excellent customer service, which align perfectly with the values of GulfMark and Adams companies," Greg Mills, GulfMark President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US