Rand Logistics to buy American Steamship
GATX Corporation (NYSE:GATX) today announced that it has entered into a stock purchase agreement for the sale of its American Steamship Company (ASC) business to Rand Logistics, Inc. for a purchase price
mergers and acquisitions
Kirby to acquire Savage tank barge and towboat fleet
Houston-headquartered Kirby Corporation (NYSE: KEX) reports that it has signed of a definitive agreement to acquire the inland tank barge and towboat fleet of Savage Inland Marine for approximately $278 million in
Hornblower enters the U.K. tour boat market
Chicago-based Hornblower Cruises & Events has completed its purchase of City Cruises, the U.K.’s biggest tour boat operator. The milestone deal extends the Hornblower Group’s international footprint into the U.K. market for
Cadmatic makes strategic acquisition
Turku, Finland, based Cadmatic Ltd has acquired another Finnish software company, Kymdata Ltd. The strategic acquisition expands Cadmatic’s product portfolio and includes the entire share capital as well as IPRs to all
Boluda closes Kotug Smit Towage acquisition
Boluda Towage, the towing division of Spain’s Boluda Corporación Marítima, has successfully closed the acquisition of the Dutch company Kotug Smit Towage. The transaction strengthens Boluda’s position as leading operator in Europe,
Carlyle Group to be majority owner of new merged Vigor and MHI Ship Repair
The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management have reached announced a definitive agreement to acquire and merge Portland, Ore., headquartered Vigor Industrial LLC and Norfolk, Va., based
BW Group takes majority stake in Epic Gas
Andreas Sohmen-Pao’s BW Group is on the acquisition trail again. Today it reported that it hadpurchased a 54.7% stake Epic Gas from key shareholders and launched an unconditional tender offer to acquire
Korea shipbuilding mega merger hits a snag
A much ballyhooed potential merger of Korean shipbuilding giants Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) has run into a snag. Unionized workers at both shipbuilders are determined to
American Queen Steamboat closes Victory acquisition
JANUARY 14, 2019 — New Albany, Indiana, headquartered American Queen Steamboat Company (AQSC), a leader in U.S. overnight river cruising, reports closed on the purchase of the Victory I and sister ship
EC to investigate Fincantieri acquisition of Chantiers de l’Atlantique
JANUARY 8, 2019 — If you thought that Fincantieri’s acquisition of Chantiers de l’Atlantique was a done deal, think again. The European Commission today said that it has agreed to a request