Bruce Oakley Inc., a North Little Rock, Ark.-based transporter and distributor of bulk commodities, has signed a definitive agreement to purchase the Lange-Stegmann Company, it was announced April 26. Founded… Read More
Mergers and Acquisitions
Following European Commission approval, Kongsberg Maritime parent company Kongsberg Gruppen announced April 1 that it has completed the acquisition of Rolls-Royce Commercial Marine (RRCM). Officially part of Kongsberg Maritime, RRCM… Read More
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
