Kirby’s $756.5 million acquisition of Stewart & Stevenson closed on September 13, 2017.
Kirby operates the largest inland and offshore tank barge fleets in the United States. The fleet includes almost 900 inland tank barges, 230 inland towboats, 70 coastal tank barges and 75 coastal towboats.
Stewart & Stevenson enables Kirby to broaden and deepen the offerings of Kirby’s diesel engine services unit for the oil and gas, marine, construction, power generation, mining, transportation and agricultural industries. FY16 revenues for the diesel engine services unit were $299 million or 17% of operating revenues.