# 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.

- Type: Acquisition
- Announced: 2017-06-13
- Where: Houston, Texas, United States
- Value: $710.0M
- Status: announced
- Products: distribution and services for pressure pumping and industrial equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kirby Corporation](https://endata.com/companies/1574.md) (acquirer)
- [Stewart & Stevenson](https://endata.com/companies/1575.md) (target)
- [Parman Capital Group](https://endata.com/companies/1576.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/kirby-corporation-enters-agreement-to-purchase-stewart--stevenson-llc-300473381.html), 2017-06-13: "Kirby Corporation today announced the signing of a definitive agreement to acquire substantially all of the assets and businesses of Stewart & Stevenson LLC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.