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Monday, June 19, 2017 5:40:18 PM
Kirby Corp. (NYSE:KEX) agrees to acquire inland marine assets from an undisclosed company for $68M in a deal it expects to be $0.01-$0.02/share accretive to 2017 earnings.
The purchase consists of nine specialty pressure tank barges, four 30K-barrel tank barges and three 1320 horsepower inland towboats.
KEX says the deal will boost its ability to meet customer transport demands for specialty cargos such as liquefied petroleum gas.
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