Kirby to acquire Stewart & Stevenson from Parman Capital for about $710M

Kirby Corporation signed a definitive agreement to acquire substantially all assets of Stewart & Stevenson for about $710 million before adjustments. Funding is half credit facility and half Kirby stock, with closing expected in the third quarter of 2017.

“Kirby Corporation today announced the signing of a definitive agreement to acquire substantially all of the assets and businesses of Stewart & Stevenson LLC.”prnewswire.com

• 1 source
• prnewswire.comKirby Corporation Enters Agreement To Purchase Stewart & Stevenson LLCJun 13, 2017

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