Kirby knocks out Stewart & Stevenson deal for $756.5M
September 15, 2017
Machinery | Houston, TX | Corporate Acquisition
Shipping company Kirby has completed the acquisition of Stewart & Stevenson, a manufacturer of equipment for the oil & gas industry, for $756.5 million, including $12.9 million of assumed debt. Kirby, an operator of tank barges used to transport liquid products in the US, funded the deal with $366.6 million in stock and $377 million in cash.