CC Industries Acquires Southern Towing Company from Trive Capital

Southern Towing Company (CC Industries) Acquires Devall Towing

February 2, 2021

Transportation

Southern Towing Company, an affiliate of CC Industries, has acquired Devall Towing from the Devall family. Devall — a Sulphur, Louisiana–based towboat and barge operator focused on specialty chemicals with a fleet of 36 towboats and 125 liquid tank barges — will operate as a new division of Southern Towing, with existing management remaining in place.

Devall Towing and Southern Towing Company to Fully Integrate Operations as Southern Devall

October 27, 2022

Transportation

Devall Towing and Southern Towing Company announced plans to fully integrate operations and management in 2023, forming a combined company called Southern Devall. The integration will combine Devall’s coastal network with Southern’s upriver capabilities to provide integrated marine transportation solutions across U.S. inland and coastal waterways.

CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

October 27, 2020

Oil & Gas

Dallas-based private equity firm CIC Partners has made a growth capital investment in Tri-State Holdings LLC, a Joaquin, Texas-based provider of water transportation and disposal services to oil and gas producers in the Haynesville Shale. The capital will enable Tri-State to expand its disposal services and follow-on growth, and Tri-State concurrently acquired saltwater disposal assets from Key Energy Services as part of its service expansion.

Capital Waste Services Acquires Southern Central Waste Services and Priority Waste Services

February 13, 2023

Environmental Services

Capital Waste Services, a portfolio company of Kinderhook Industries, acquired Southern Central Waste Services and Priority Waste Services, two Tennessee-based roll-off and transfer-station operators, expanding its footprint in Southeast Tennessee. The deals are the platform's eighth and ninth add-on acquisitions and will strengthen Capital Waste's vertically integrated network; debt financing was provided by a syndicate led by Comerica Bank with MUFG, Webster Bank, and Fifth Third.

FleetPride Acquires Southern Truck Center of Birmingham, Alabama

March 31, 2021

Trucking & Fleet

FleetPride, Inc. has acquired the assets of Southern Truck Center of Birmingham, Alabama, a family-founded truck and trailer parts and service operation started by Tim Walker in 2005. Mike Walker will continue to manage day-to-day operations; the acquisition complements FleetPride's nearby Birmingham branch and expands its local service footprint as part of FleetPride's ongoing acquisition-driven growth strategy.

FleetPride Acquires Truck Service Company, Inc. (Chattanooga, TN)

September 14, 2021

Transportation

FleetPride, Inc. has acquired the assets of Truck Service Company, Inc., a Chattanooga-based heavy-duty truck repair and service center. The acquisition adds a service location that will complement FleetPride's nearby parts branch and expand its parts-and-service offering for fleets and drivers in southern Tennessee and northern Georgia.