Houston, Pennsylvania, based mostly Campbell Transportation Company, Inc. (CTC) has emerged as the customer of nearly all of the marine property owned by NGL Energy Partners’ NGL Marine LLC subsidiary. As we reported earlier, NGL Energy disclosed March 6 that it had signed two definitive agreements to promote all of its marine property (13 towboats and 25 tank barges) for $111.65 million in money within the mixture.
Campbell Transportation says that the deal is ready to shut by the tip of March and that the acquisition can be one other step ahead in its strategic plan to diversify its marine enterprise line.
Once the acquisition is accomplished, CTC will personal or function over 1,250 barges
all through the inland waterway system, together with 95 tank barges. The fleet is comprised
of property working in each the dry cargo and liquid cargo trades and is supported by the
operation of greater than 60 towboats.
