Boston Fuel Acquire Assets Of Boston Towboat Co.

Boston Fuel Transportation, Inc.

and Midland Enterprises, Inc. announced recently that Boston Fuel Transportation has entered into a contract to acquire the vessels, real estate, and other assets of Boston Towboat Company, a Midland subsidiary, for an undisclosed amount of cash. The agreement was reached after months of negotiations with several prospective purchasers.

Boston Fuel Transportation, an affiliate of the Reinauer Transportation Companies, was founded in 1932 and provides shiphandling services, petroleum transportation, as well as general and coastwise towing throughout the Northeast. Commenting on the transaction, Harold A. Reinauer, chairman, said that the addition of Boston Towboat's two 2,000-horsepower and two 3,000-horsepower tugs significantly enhances Boston Fuels capabilities, expanding its fleet to 15 tugs and enabling the company to handle any vessel which may call on the port.

Midland Enterprises, headquartered in Cincinnati, is one of the nation's largest barge carriers, operating primarily on the inland waterway. Midland is a subsidiary of Boston-based Eastern Gas Associates.

Maritime Reporter Magazine, page 7,  Feb 1986

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.