Tuesday, December 15, 2020

Turn Services to buy Bayou Fleet

Turn Services of New Orleans announced it has entered into an agreement to buy the  assets and business of Bayou Fleet, which is located near Hahnville, La., at mile marker 125.5 on the Lower Mississippi River. Bayou Fleet provides fleeting, shifting and dry cargo and liquid barge cleaning services. The facility is on 85 acres of batture and remains operable during high water stages. The deal is anticipated to close around Dec. 31. Mario Muñoz, president of Turn Services, said the acquisition “is significant” and in a strategic location for the company to offer services primarily focusing on the liquid tank barge market. Financial details were not disclosed. Turn Services offers waterborne transportation of cargoes for the dry cargo and petrochemical industries. The company has more than 40 towboats and passenger crew vessels. TS also provides barge fleeting, repair and cleaning services at land-based facilities located along the Lower Mississippi River, the Intercoastal Waterway East and the Port of Houston. (Source: Work Boat 12/15/20)

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