Turn Services Plans To Acquire Marine Fueling Service
Turn Services has announced plans to acquire Marine Fueling Service, Inc.
Marine Fueling Service (MFS) has 65 years of experience providing fleeting, shifting, towing, boat charter, fuel and lube services, both dockside and midstream. The company is located near the intersection of the Gulf Intracoastal Waterway and Neches and Sabine rivers in Texas.
The acquisition strengthens Turn Services’ operational capabilities and service offerings, according to the announcement. The location can accommodate 140 barges, including dry, liquid, pressure, CDC, deck and oversize barges. The acquisition includes eight towboats with a horsepower range between 1,000 to 2,000.
“For over 65 years, our family has dedicated itself to building Marine Fueling Service into a trusted and reliable provider in the marine industry,” MFS President Christopher L. Bean said. “This journey would not have been possible without the hard work and dedication of our exceptional employees and numerous others. We are happy that Turn Services wants to continue our dedication to our employees and commitment to quality of service.”
Turn Services President Mario Muñoz said, “The acquisition of Marine Fueling Service marks a significant milestone for Turn Services. We are excited to expand our capabilities and continue delivering top-notch services to our clients in the Golden Triangle area and beyond. The acquisition of MFS is the latest step in our strategy to expand our footprint along the Gulf Coast shipping corridor. Like Turn Services, MFS has a long and storied history of providing safe and efficient marine transportation services to barge line customers. Therefore, the acquisition is a perfect fit as we continue focusing on our core business services. I’d like to thank the Bean family for entrusting us to carry forward the business they built spanning several generations.”
The acquisition is expected to close by mid-August.