Posted on December 17, 2020
New Orleans headquartered Turn Services—one of the largest independent barge fleeting and shifting companies in the U.S.—reports that it has entered into a definitive agreement to acquire the assets and business of Bayou Fleet.
Located at Mile 125.5 on the Lower Mississippi River (LMR) in Hahnville, La., Bayou Fleet provides fleeting, shifting and dry cargo and liquid barge cleaning services. The facility is situated on 85 acres of batture and remains operable during high water stages.
The transaction is anticipated to close on or before December 31.
“The acquisition of Bayou Fleet is significant for Turn Services,” said Mario Muñoz, President of Turn Services. “This location, coupled with our other fleets along the LMR, allows us to offer our customers efficient solutions for the movement of their cargo. With this acquisition, we gain a strategic location offering a wide assortment of services primarily focusing on the liquid tank barge market. We look forward to working with the Bayou Fleet team and would like to especially thank the Durant family for entrusting us and for assisting with the transition to make this another premier location for Turn Services.”
“This acquisition gives us another location to offer logistical and service solutions to our customers at a strategic stretch of the river,” said Gary Poirrier, Co-Chairman of Turn Services. “Of even greater importance to Turn Services is that Bayou Fleet provides a growth opportunity in step with our emphasis on zero harm. Given the stretch of the river and the liquid-related nature of the activities that take place there, we view this as a responsibility much more than an opportunity. Our partners in the area are extremely sensitive to safety and environmental concerns, and so are we. Likewise, the importance of the safety of our people cannot be overstated. The top-notch facilities at Bayou Fleet will allow us to prioritize safety and the well-being of our people. We consider ourselves extremely fortunate to be acquiring a facility and equipment so well developed by Robin Durant and his team.”
Source: marinelog
