Redwood Holdings to acquire Canal Barge Company.

Redwood Holdings, an investment firm, agreed to acquire Canal Barge Company, a provider of marine transportation services. Financial terms were not disclosed. “We are extremely excited to partner with Redwood and Marquette to grow our businesses together. Redwood is the ideal long-term home to continue the legacy of the CBC family and provide opportunities to our mariners and shore-based employees. We are excited about this next chapter for our business and believe that Canal Barge will be well-positioned to provide the highest quality service to our customers and find additional areas of growth,” H. Merritt Lane III, Canal Barge Company president, CEO and chairman of the board.