The acquired business consists of 30 barges and 14 push/tow boats, which transport heavy refined petroleum products, primarily serving refineries and storage terminals along the Gulf Coast, Intracoastal Canal and western river systems of the US.
Genesis Energy CEO Grant Sims said that the acquisition is a significant step towards the development of the firm’s marine transportation of crude oil and heavy refined petroleum products.
Genesis Energy’s operations include pipeline transportation, refinery services and supply and logistics, which are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.
