Kirby closes acquisition of Savage inland barge fleet

Written by Marine Log Staff
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Houston-headquartered Kirby Corporation (NYSE: KEX) reports that it has completed the acquisition of Savage Inland Marine’s inland barge fleet. The total consideration paid was approximately $278 million and was financed with additional borrowings.

The purchased tank barge fleet consists of 90 inland tank barges with approximately 2.5 million barrels of capacity and 46 inland towboats.

See earlier story HERE

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