Bay-Houston Towing to acquire Seabulk Towing Services from American Industrial Partners-backed Seacor.

Bay-Houston Towing, a Houston-based provider of harbor tug services, agreed to acquire Seabulk Towing Services, which operates eight harbor towing vessels, from American Industrial Partners-backed Seacor, a petroleum industry company. Financial terms were not disclosed. "We have admired Seabulk for many years, and Bay-Houston is delighted to expand its operations to two important, high-growth ports. We look forward to providing our customers with a smooth transition and long-term investment to support their growth in these ports," Philip Kuebler, Bay-Houston President and CEO.