Turn Services and Marine Fueling Service Announce Turn’s Plan to Acquire MFS
2024年7月30日 - 9:30AM
ビジネスワイヤ(英語)
Turn Services is proud to announce its plans to acquire Marine
Fueling Service, Inc. (MFS), a distinguished company with 65 years
of service in the Golden Triangle area and the Intracoastal
Waterway (ICWW) in Texas. Owned by the Bean family for over six
decades, the company’s commitment to its people, safety, excellence
and customer satisfaction aligns perfectly with Turn Services' core
values.
MFS has built a strong reputation providing fleeting, shifting,
towing, boat charter, fuel, and lube services, both dockside and
midstream. Strategically located at the intersection of the ICWW,
Neches, and Sabine Rivers, this expansion strengthens Turn
Services’ operational capabilities and service offerings. The
location can accommodate 140 barges, including dry, liquid,
pressure, CDC, deck, and oversize barges. The acquisition includes
eight motor vessels with 1000 to 2000 horsepower.
Christopher L. Bean, President of MFS, expressed his sentiments
on the acquisition: "For over 65 years, our family has dedicated
itself to building Marine Fueling Service into a trusted and
reliable provider in the marine industry. This journey would not
have been possible without the hard work and dedication of our
exceptional employees and numerous others. We are happy that Turn
Services wants to continue our dedication to our employees and
commitment to quality of service.”
Mario Muñoz, President of Turn Services, added, "The acquisition
of Marine Fueling Service marks a significant milestone for Turn
Services. We are excited to expand our capabilities and continue
delivering top-notch services to our clients in the Golden Triangle
area and beyond. The acquisition of MFS is the latest step in our
strategy to expand our footprint along the Gulf Coast shipping
corridor. Like Turn Services, MFS has a long and storied history of
providing safe and efficient marine transportation services to
barge line customers. Therefore, the acquisition is a perfect fit
as we continue focusing on our core business services. I'd like to
thank the Bean family for entrusting us to carry forward the
business they built spanning several generations."
The acquisition is expected to close by mid-August 2024.
Turn Services, founded in 1990 and headquartered in New
Orleans, Louisiana, is one of the largest independent fleeting and
shifting companies in the United States. We offer a broad range of
barge related resources including cleaning, repair and vessel
services along the Lower Mississippi River from Baton Rouge to the
mouth of the river. We also offer towing services on the Gulf
Intracoastal Waterway from Texas to Florida.
Marine Fueling Service, Inc. provides marine support
services. The company offers fleeting, shifting, towing, boat
charter, fuel and lubricant supplies, dry cargo barge cleaning,
potable water delivery by barge and, and crane services. Marine
Fueling Service serves customers in the State of Texas.
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version on businesswire.com: https://www.businesswire.com/news/home/20240729927111/en/
Dawn Lopez Vice President of Marketing and Public Relations Turn
Services dlopez@turnservices.com