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Sep 13, 2017
Kirby Corporation Completes The Purchase of Stewart & Stevenson LLC
Kirby Corporation ("Kirby") (NYSE: KEX) today announced the signing of a definitive agreement to acquire substantially all of the assets and businesses of Stewart & Stevenson LLC ("Stewart & Stevenson"), a subsidiary of the Houston-based Parman Capital Group, for approximately $710 million before post-closing adjustments and transaction fees. The agreement was signed on June 13 by Hushang Ansary, Executive Chairman of Stewart & Stevenson, and Joseph H. Pyne, Executive Chairman of Kirby Corporation.

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