HOUSTON, May 6, 2019 /PRNewswire/ — Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) today announced that one of its subsidiaries, Service Transport Company, has closed on its purchase of approximately 40 tractor trailer trucks and 53 trailers from EH Transport, a trucking company with assets in Houston.
“We are pleased to acquire this business,” said Kevin Roycraft, President of Service Transport. “This acquisition will add new customers and new product lines to our portfolio. In addition to general chemical products, this company also hauls liquefied petroleum gas, asphalt, bleach and crude oil. Adding these new commodities and equipment will allow Service Transport to diversify and grow into new markets, and this acquisition will be immediately accretive to earnings. We look forward to the new opportunities this acquisition will provide for our company and employees.”
Adams Resources & Energy, Inc. is primarily engaged in the business of crude oil marketing, transportation and storage and tank truck transportation of liquid chemicals and dry bulk through its two subsidiaries, GulfMark Energy, Inc. and Service Transport Company, respectively. For more information, visit www.adamsresources.com.