Texas-based Kirby Corporation has signed an agreement to purchase inland marine transportation services provider Higman Marine in a cash deal worth $419m. The acquisition is the latest move by the company that owns and operates more than 100 vessels including its flagship ferry service between San Francisco and Los Angeles.
Texas-based Kirby Corporation has signed an agreement to purchase inland marine transportation services provider Higman Marine in a cash deal worth $419m. The acquisition is said to be earnings neutral for 2018.