HOUSTON, Aug. 15, 2018 /PRNewswire/ — Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) today announced that one of its subsidiaries, GulfMark Energy, has executed a definitive agreement to acquire a trucking company that owns 113 tractor trailer trucks and 126 trailers operating in North Texas and South Central Oklahoma.
“We are pleased to acquire this business,” said Geoff Griffith, President of GulfMark Energy. “This acquisition greatly expands our operating area into one of the most active drilling and operating regions in the United States and will be immediately accretive to earnings. We look forward to providing service in this area to our future customers.”
This transaction is subject to customary regulatory approval and closing conditions. Adams expects to close the transaction as soon as practicable after such regulatory approvals and closing conditions have been satisfied, which is expected to occur in the fourth quarter of 2018.
Adams Resources & Energy, Inc. is primarily engaged in the business of crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals and dry bulk and ISO tank container storage and transportation through its two subsidiaries, GulfMark Energy, Inc. and Service Transport Company, respectively. For more information, visit www.adamsresources.com.