Mergers and Acquisitions

Taylor Machine Works Inc. announced March 1 that NMC Material Handling has joined its Taylor and Sudden Service Inc. dealer network. “Taylor Machine Works knows the importance of a highly… Read More

New York equity investment firm Upper Bay Infrastructure Partners announced February 20 that it has acquired Tidewater Transportation & Terminals from its previous owner, another New York-based investment firm, Stonepeak… Read More

Private investment firm Auxo Investment Partners announced February 21 that it is acquiring Andrie LLC, a Michigan-based Jones Act bulk transporter of specialty products including liquid asphalt, cement, light oil… Read More

Palmer Johnson Power Systems, Sun Prairie, Wis., announced the acquisition of Mill Log Equipment Company Inc. and Mill Log Wilson Equipment Ltd. from Twin Disc Inc. The acquisition, which will… Read More

Kirby Corporation announced January 31 that it has signed an agreement to purchase the marine transportation fleet of Cenac Marine Services LLC. The purchase price is approximately $244 million in… Read More

Watco Companies LLC, Pittsburg, Kan., and funds managed by Oaktree Capital Management announced January 4 the formation of a strategic partnership and a definitive agreement whereby Oaktree has committed $450… Read More

Note: This is an update of an earlier post that appeared on waterwaysjournal.net December 28, 2018. This update includes quotes from officials of Savage Inland Marine and Progressive Barge Line… Read More

Savage Inland Marine announced December 28 it has acquired the assets of Progressive Barge Line, one of the largest bunkering and tank barge operators in the Port of New Orleans. The deal… Read More

McDonough Marine Service announced December 15 it had acquired 23 barges from J.R. Gray Inc. in an-all cash buyout. The purchase includes 14 power winch, spud barges with sizes ranging… Read More