Turn Services acquires Bayou
Turn Services, which offers marine related services for waterborne transportation of cargoes for the dry cargo and petrochemical segments, is taking over Bayou Fleet from the Durant family.
Located on the Lower Mississippi River in Hahnville, Louisiana, Bayou Fleet provides fleeting, shifting and dry cargo and liquid barge cleaning services. Due to its placement on batture, the facility remains operable during high water stages. The transaction is anticipated to close before the end of the year. No financial details were disclosed.
Mario Muñoz, president of Turn Services, which was founded in 1990 and is headquartered in New Orleans, commented: "We gain a strategic location offering a wide assortment of services primarily focusing on the liquid tank barge market." (cd)