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Kirby Corporation (KEX)

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  • Nov. 28, 2012, 8:36 AM
    Kirby Corp. (KEX) agrees to buy tank barges and tugboats operator Penn Maritime in a deal valued at ~$295M consisting of cash, KEX common stock and the retirement of Penn's debt, as it looks to expand its footprint in the asphalt transportation market. KEX expects Penn to add $0.12-$0.18 to EPS in 2013.
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  • Sep. 4, 2012, 4:57 PM
    Kirby (KEX) buys the assets of Allied Transportation and two affiliated companies for $116M, including $10M that will be paid contingent on developments with the sugar provisions in the U.S. Farm Bill. Allied's fleet consists of 10 coastal tank barges with a total liquid capacity of 680K barrels, three offshore dry-bulk barges with a total capacity of 48K tons, and seven tugboats.
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Company Description
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii.
Sector: Services
Industry: Shipping
Country: United States