Adams resources & energy, inc. completes acquisition of phoenix oil and firebird bulk carriers

Houston , aug. 15, 2022 /prnewswire/ -- adams resources & energy, inc. (nyse american: ae) ("adams" or the "company") today announces that one of its subsidiaries, gulfmark asset holdings, inc., has completed the purchase of firebird bulk carriers, inc. ("firebird") and phoenix oil, inc. ("phoenix") for an aggregate purchase price of approximately $33 million, consisting of approximately $32 million in cash and $0.5 million of adams resources & energy, inc. common stock. firebird bulk carriers is an interstate bulk motor carrier of crude oil, condensate, fuels, oils and other petroleum products.
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