Posted on July 31, 2024
US-based fleeting and shifting firm Turn Services on Tuesday (30 July) announced its plans to acquire Marine Fueling Service, Inc. (MFS), a company with 65 years of service in the Golden Triangle area and the Intracoastal Waterway (ICWW) in Texas.
Owned by the Bean family for over six decades, MFS provides bunkering, fleeting, shifting, towing, boat charter, and lube services, both dockside and midstream.
Strategically located at the intersection of the ICWW, Neches, and Sabine Rivers, this expansion will strengthen Turn Services’ operational capabilities and service offerings.
The location can accommodate 140 barges, including dry, liquid, pressure, CDC, deck, and oversize barges. The acquisition includes eight motor vessels with 1000 to 2000 horsepower.
Christopher L. Bean, President of MFS, said: “For over 65 years, our family has dedicated itself to building Marine Fueling Service into a trusted and reliable provider in the marine industry.”
“This journey would not have been possible without the hard work and dedication of our exceptional employees and numerous others. We are happy that Turn Services wants to continue our dedication to our employees and commitment to quality of service.”
Mario Muñoz, President of Turn Services, added, “The acquisition of Marine Fueling Service marks a significant milestone for Turn Services. We are excited to expand our capabilities and continue delivering top-notch services to our clients in the Golden Triangle area and beyond.”
“The acquisition of MFS is the latest step in our strategy to expand our footprint along the Gulf Coast shipping corridor. Like Turn Services, MFS has a long and storied history of providing safe and efficient marine transportation services to barge line customers.”
“Therefore, the acquisition is a perfect fit as we continue focusing on our core business services. I’d like to thank the Bean family for entrusting us to carry forward the business they built spanning several generations.”
The acquisition is expected to close by mid-August 2024.
