Southern Towing Company Announces Acquisition of Devall

Southern Towing Company (“STC”), an affiliate of CC Industries (“CCI”),  announced today it acquired Devall Towing (“Devall” or the “Company”) from the Devall family.  Founded in 1952, Devall is a towboat and barge operator for specialty chemicals along the Gulf  Intracoastal Waterway and Lower Mississippi River. 

The acquisition expands STC’s operations into specialty chemical products. The combination of Devall’s  long-standing customer relationships with STC’s upriver capabilities allows Devall and STC to provide  integrated marine transportation solutions across the Gulf Intracoastal and U.S. inland waterways.  STC’s CEO Ed Grimm stated, “The acquisition significantly enhances Southern Towing’s Gulf Coast  capabilities. We look forward to growing our transportation capabilities, while continuing to provide  superior service to the customers we are privileged to serve.” 

Devall is headquartered in Sulphur, Louisiana, and operates a fleet of 36 towboats and 125 liquid tank  barges. The Company will continue to operate under the Devall brand as a new division of STC. The  members of the management team will continue in their current roles. 

“The Devall family and team are excited to partner with both Southern Towing and CCI. We believe that  the cross-selling opportunities with Southern Towing are extremely compelling, and that CCI’s extensive  experience and resources positions Devall for future growth,” added Kenny Devall, COO of Devall, who  will continue to lead the Company. 

Bill Crown, President and Chief Executive Officer of CCI stated, “Devall shares the same core values and  vision that we have at STC and CCI. We look forward to building on those shared values to further invest  in and grow Devall and STC.”