KIRBY CORP acquisition history.

Substantially all of the assets and businesses of Stewart & Stevenson LLC, a subsidiary of Houston-based Parman Capital Group and a globally recognized engine/equipment distribution and services company with 115 years of history. Funded with 5.7 million Kirby shares valued at $366.6 million plus $377.0 million cash, with $12.9 million of assumed debt.

Higman Marine, Inc. and its affiliated companies, an operator of inland tank barges and towboats. Higman's marine transportation fleet consists of 159 inland tank barges with 4.8 million barrels of capacity and 75 inland towboats, moving petrochemicals, refined petroleum products, crude oil, natural gas condensate, and black oil on the Mississippi River System and Gulf Intracoastal Waterway.

The inland tank barge business of Targa Resources Corp., purchased from a subsidiary of Targa. The fleet consisted of 16 pressure barges with a total capacity of 258,000 barrels, many of which were under multi-year contracts.

The marine transportation fleet of Cenac Marine Services, L.L.C. Cenac's fleet consists of 63 30,000-barrel inland tank barges with approximately 1.9 million barrels of capacity, 34 inland towboats, and 2 offshore tugboats, moving petrochemicals, refined products, and black oil including crude oil and residual fuel.

The inland tank barge fleet of Savage Inland Marine. Savage's tank barge fleet consists of 90 inland tank barges with approximately 2.5 million barrels of capacity and 46 inland towboats, primarily moving petrochemicals, refined products, and crude oil on the Mississippi River, its tributaries, and the Gulf Intracoastal Waterway. Savage also operates a significant ship bunkering business and barge fleeting services along the Gulf Coast.

Convoy Servicing Company and Agility Fleet Services, LLC, through which Kirby expanded its dealership network of Thermo King refrigeration systems for trucks, railroad cars, and other land transportation markets in Texas and Colorado.

K-Sea Transportation Partners L.P., a coastal tank-barge operator, became a wholly owned subsidiary of Kirby through the merger of KSP Merger Sub, LLC with and into K-Sea. K-Sea unitholders received cash and Kirby common stock; total consideration was estimated at approximately $603.1 million including assumed K-Sea debt.

Penn Maritime Inc. and Maritime Investments LLC (collectively 'Penn'), an operator of tank barges and tugboats in the coastal transportation of primarily black oil products in the United States. Total value approximately $295 million, consisting of $180 million for the equity interests (about $152 million cash plus 500,000 Kirby shares) and approximately $115 million for retirement of Penn's debt.

The assets of Allied Transportation Company, a subsidiary of Allied Marine Industries, and two affiliated companies. Allied operates offshore barges and tugboats in the coastal transportation of petrochemicals and dry sugar products in the Northeast, Atlantic and Gulf Coast regions. Fleet of 10 coastwise tank barges (680,000 barrels), three offshore dry-bulk barges (48,000 deadweight tons), and seven tugboats.

United Holdings LLC, a distributor and service provider of engine and transmission related products for the oil and gas services, power generation and transportation industries, and a manufacturer of oilfield service equipment including hydraulic fracturing equipment. Headquartered in Oklahoma City with 21 locations across 13 states; distributes/services Allison Transmission, MTU Detroit Diesel, Daimler Trucks NA and other engines.

Global Power Holding Company, parent of Global Power Systems, L.L.C., a Gulf Coast high-speed diesel engine services provider headquartered in Houma, Louisiana, operating factory-authorized full-service dealerships for Caterpillar, Cummins, Detroit Diesel and John Deere engines and Allison transmissions. Global generated approximately $63 million of revenue in 2005. Acquired by Kirby subsidiary Marine Systems, Inc.