Company News

ABB announced July 21 that it would spin off Accelleron (formerly ABB Turbocharging), its turbocharging division, by way of a dividend in kind of Accelleron Industries Ltd.’s shares to ABB… Read More

MiddleGround Capital, a private equity firm, has acquired PVI Holdings Inc., the parent company of W&O Supply. The acquisition was announced July 19. W&O has more than 45 years of… Read More

Kirby Corporation on July 28 announced net earnings for the second quarter of $28.5 million or $0.47 per share, compared with $10.2 million or $0.17 per share for the same… Read More

• Andrea Williams has been named the Memphis Engineer District’s Operations Division chief. She is responsible for the operation and maintenance of the physical support branch to include the Ensley… Read More

Mi-Jack Products, which specializes in rubber-tired gantry cranes, container handling machinery and technology for port and intermodal facilities, has announced it has acquired Yardeye GmbH, a Germany-based automation, collision avoidance… Read More

Petroleum Service Corporation has changed its name to PSC Group.  It was founded as the nation’s first shoreside tankerman service in 1952 by D.H. Haymon, a World War II veteran… Read More

VLS Environmental Services, LLC of Houton, Texas, announced June 21 that it has acquired Plaquemine Point Shipyard. Terms of the transaction were not disclosed. Based in Plaquemine, La., the shipyard… Read More

Americraft Marine, a maritime subsidiary of the Libra Group, announced June 21 that it has acquired St. Johns Ship Building, a full-service marine facility specializing in constructing and repairing Jones… Read More