Posted on June 4, 2019
CC Industries (“CCI”) has acquired Southern Towing Company (“STC”) from Trive Capital. This acquisition broadens CCI’s portfolio of industry leading industrial companies.
Founded in 1958, and headquartered in Memphis, Tennessee, STC is one of the largest operators of towboats and barges along the inland waterways of the United States. Southern Towing provides marine transportation of fertilizer and other commodities to agriculture and industrial end markets.
Southern Towing Company represents CCI’s ninth platform acquisition, and fifth acquisition within the transportation equipment and logistics sector.
Chicago-based CC Industries operates within Henry Crown and Company as its holding and management vehicle for investments in privately-held operating businesses. Included in CC Industries’ portfolio are: Gillig, Great Dane Trailers, J.L. Clark, Miracapo Pizza Company, Provisur Technologies, Riverside Rail, Selig, Southern Towing Company, and Trail King Industries. CCI seeks new platform investments as well as add-on acquisitions for each of our current investments.
CCI Industries Overview:
Investment Criteria
- EBITDA of $20 to $100+ million
- Established, cash flow positive businesses
- Attractive industry dynamics
- Majority ownership interest
- Headquartered in North America
- Benefits from long-term ownership
Sectors of Interest
- Transportation equipment and logistics
- Packaging and packaging equipment
- Capital equipment
- Asset leasing
- Niche manufacturing
