GulfMark fleet

GulfMark Energy bolsters operations with fleet acquisition

GulfMark Energy, a subsidiary of Adams Resources & Energy, recently executed a definitive agreement to acquire a trucking company that owns 113 tractor-trailers 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. 

 

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