(SALT LAKE CITY) — Effective April 4, Savage Inland Marine, LLC, a subsidiary of Savage Companies, has purchased the liquid bulk division assets of Settoon Towing LLC, which includes 35 towboats and 63 liquid tank barges with a total capacity of nearly 2 million barrels. The purchase does not include Settoon’s Gathering & Storage business line. The acquisition provides Savage with a scalable platform for building its marine business going forward.
With the addition of these vessels, Savage’s marine capabilities include the transport of a variety of liquid products on the Intracoastal and inland waterways, as well as barge fleeting, towing and dock services on the U.S. Gulf Coast. Mike Ellis, Settoon Towing’s former president, had previously joined Savage to lead its Marine Solutions Group, and more than 230 former Settoon employees have become Savage team members. Operations management will continue to be based out of a newly built operations and training center in Gibson, La., and at offices in Baton Rouge, La., and Bridge City, Texas.
Savage Inland Marine is an American Waterways Operators member and AWO-accredited responsible carrier, and is a member of the Louisiana Association of Waterways and Shipyards, Texas Waterway Operators Association, Gulf Intracoastal Canal Association, Mississippi Valley Trade & Transport Council and Oil Companies International Marine Forum.
In addition to its marine capabilities, Savage provides other supply chain and industrial services in the Gulf Coast region that include rail and refinery services, terminal operations, transloading and truck transportation. For more information, visit www.savageservices.com.
