STC stack insignia
Devall Towing and Southern Towing Company (STC) are to completely combine their operations and administration in 2023 underneath the identify Southern Devall.
Memphis, Tenn., based mostly Southern Towing is a portfolio firm of CC Industries, the Chicago-based administration firm for the Crown household’s privately held firms, and purchased Sulphur, La., based mostly Devall Towing in 2021.
The mixture of Devall’s coastal operations community with Southern Towing’s upriver capabilities will allow the newly mixed firm to offer built-in marine transportation options throughout the U.S. inland and coastal waterways system.
Southern Devall, which will probably be headquartered in Sulphur, La., will convey collectively greater than 120 years of expertise backed by 230 barges, 70 towboats, and the experience of 700 workers to soundly transport the nation’s chemical substances and fertilizers alongside all 12,000 miles of navigable waterways.
“We are excited about the opportunities ahead,” stated Kenny Devall who will lead the brand new firm as CEO. “Both Southern and Devall were established as family-owned companies that share the same core values and vision. We look forward to building on that foundation as we invest in and grow the new company.”
Devall has two business subsidiaries: Devall Fleeting, which operates a number of fleeting places in Louisiana and Texas; and Devall Diesel Services, a manufacturing facility dealership & service heart for diesel engines.
Southern was based in 1958 and is headquartered in Memphis, TN. Southern is without doubt one of the nation’s largest carriers of liquid fertilizers.
Integration actions are anticipated to conclude within the second half of 2023.
