Tres Energy completed the acquisition of Adams Resources & Energy for $139m.

Tres Energy, a privately held limited liability company that invests in and operates strategic energy assets, completed the acquisition of Adams Resources & Energy, a company engaged in crude oil marketing, transportation, terminalling and storage, tank truck transportation of liquid chemicals, for $139m. “This transaction marks the successful completion of a profitable journey for our shareholders and fulfills our strategic goal to restructure the Company, unlocking more value from our assets and operations. By returning to our roots as a private company in partnership with Buyer, we will gain efficiencies and create new entrepreneurial opportunities for both the Company and our employees,” Townes G. Pressler, Adams Resources Chairman.