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.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains forward-looking
statements. Forward-looking statements relate to future events and
anticipated results of operations, business strategies, and other
aspects of our operations or operating results. In many cases you
can identify forward-looking statements by terminology such as
"anticipate," "intend," "plan," "project," "estimate," "continue,"
"potential," "should," "could," "may," "will," "objective,"
"guidance," "outlook," "effort," "expect," "believe," "predict,"
"budget," "projection," "goal," "forecast," "target" or similar
words. Statements may be forward looking even in the absence of
these particular words. Where, in any forward-looking statement,
the Company expresses an expectation or belief as to future
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, there can be no
assurance that such expectation or belief will result or be
achieved. Unless legally required, Adams undertakes no obligation
to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact: Tracy E.
Ohmart
EVP, Chief Financial Officer
tohmart@adamsresources.com
(713) 881-3609
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SOURCE Adams Resources & Energy, Inc.