SEACOR Sells Inland Barge Business to Ingram

SEACOR Holdings has signed a definitive agreement to sell its inland barge business Inland River Transport Holdings, commonly known as SCF, to a division of Ingram Marine Group, headquartered in Nashville, Tennessee.

With over two decades as part SEACOR, SCF’s fleet includes more than 1,000 covered dry cargo hopper barges, eight 6,000-plus horsepower towboats, and a network of terminal and fleeting infrastructure along the Mississippi River.

“Not only does SCF operate a robust network of terminals and a modern, young fleet of complementary marine assets, but it is run by an industry-leading team of transportation and logistics professionals. We are excited to diversify Ingram’s service offerings and welcome SCF’s team, customers, and equipment to the Ingram family,” said John Roberts, President and CEO of Ingram.

The U.S. inland river system is a vital component of the country’s economy, providing a cost-effective and sustainable mode of freight transportation for agricultural goods, industrial products, and bulk liquids. Covering 12,000 miles of navigable waterways, it serves as a gateway to the global marketplace.

Ingram already operates across more than 4,500 miles of the U.S. inland waterways system, transporting essential agriculture and industrial commodities using a fleet of 4,000 covered and open top dry cargo and liquid tank barges, as well as 150 towboats.

“Access to Ingram’s towing fleet and other efficiencies will enhance service to SCF’s customers at a time of fierce competition for global agricultural exports,” said Tim Power, President and Chief Executive Officer of SCF. “Additionally, the larger platform will be better positioned to develop innovative technologies and sustainable solutions in response to the industry’s evolving needs.”

The transaction is still subject to regulatory approval and customary closing conditions.

SEACOR was advised by RBC Capital Markets LLC as a financial advisor, and Milbank LLP and Baker Botts LLP as legal advisors. Ingram was advised by Bass, Berry & Sims PLC as a legal advisor.

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