Kirby Corporation (“Kirby”) announced the signing of an agreement to acquire substantially all of CGBM 100, LLC’s (“CGBM”) inland marine tank barge fleet for an undisclosed amount.
Representation Image – Credits: kirbycorp.com
Under the terms of the agreement, Kirby will acquire 27 of CGBM’s 10,000 barrel inland marine tank barges which have a total capacity of approximately 270,000 barrels. The closing of the acquisition is expected to occur in the 2018 fourth quarter and is subject to customary closing conditions.
Reference: kirbycorp.com
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